Property profile

396 Elizabethtown Rd Ilion, NY 13357

OFF-MARKET
Specialty properties
10,578 SF
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Property summary

AI-generated overview

This exceptional 10,578-square-foot special purpose property, situated on a sprawling 32.8-acre lot in Columbia, New York (Herkimer County, zip code 13357), presents a unique investment opportunity. The property, located at 396 Elizabethtown Road, boasts an impressive history, having been extensively renovated by renowned architect Frank Falino and featured in various publications. Currently operating as a successful bed and breakfast, this property offers the potential for continued income generation or a transition to a private residence. The property's construction cost would exceed $3 million in today's market. Key features include two designated helicopter landing areas, three ponds, and a stunning natural setting. The property also benefits from solar panel income generation and first-floor radiant heating. Recent upgrades include a new $30,000 propane heating system. Further details and stunning visuals can be found by searching "Cristman Barn & Events" on Facebook and Google. The asking price for this remarkable estate is $1,800,000. This is a rare chance to acquire a truly exceptional property in Upstate New York. The property is zoned for commercial use.

Property profile

Verified
Property type Specialty properties
Total area 10,578 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

396 Elizabethtown Rd Ilion, NY 13357
Ilion metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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