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    OFF-MARKET
    Commercial real estate

    644 County Route 48, Altmar, NY 13302

    7,840 SF 10.4 ac lot Built 1990
    Property ID
    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity in Altmar, NY, presents a 7,840 sq ft motel and campground on a sprawling 10.4-acre lot. The property boasts a recently renovated 16-room motel with a large basement/game room and an inviting outdoor gathering space complete with grills and picnic tables. A spacious office with an attached garage provides ample administrative space. Upstairs, a private owner's suite offers a large kitchen, two bedrooms, one full bath, and a new walk-out deck. The campground features 30 campsites with water and electric hookups, complemented by a newly constructed bathhouse including four half-baths and two full baths, plus a utility storage room with new appliances. Additional amenities include a large storage shed and a functioning walk-in cooler. A commercial laundry area is conveniently located behind the office. This centrally located property is ideal for outdoor enthusiasts, attracting fishermen, hunters, ATV riders, and snowmobilers. The property includes tax map # 072.00-03-17.18. This is a rare chance to acquire an established and profitable business in a desirable location. The property is ready for immediate operation, presenting a significant return on investment for the right buyer. All systems are in place and ready for a new owner to step in and continue the success of this well-maintained and popular destination.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1990
    Total area 7,840 SF
    Lot 10.4 ac (453,024 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mid-River Motel & Campground Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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