State Route 17 Parksville, NY 12768
- Hospitality properties
- 6,000 SF
- 2.42 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 0 State Route 17
- Year built
- 1950
- Lot size
- 2.42 lot acres
- Property size
- 6,000 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a vacant, 23-room motel and diner situated on 2.42 acres in Parksville, NY. The property boasts 6,000 square feet across two buildings, featuring a diner and 22 guest rooms plus a manager's apartment. Built in 1950, the property includes a high-quality septic system and benefits from its location near a busy gas station and diner, attracting significant truck traffic. The property also features a picturesque stream ideal for fly fishing, offering a unique selling point. While currently vacant and requiring some updating, including repairs to one fire-damaged room, the property presents significant upside potential for expansion, such as adding cabins along the stream. The seller is offering owner financing with 30% down and a 70% balance at 6% interest-only for up to five years, with no prepayment penalties or fees. This property is zoned C and offers a rare chance to create a thriving hospitality business catering to both travelers and outdoor enthusiasts. The property's address is 960/968 Parksville Rd, Parksville, NY 12768, or 7234 Route 17 W, Parksville, NY 12768. The asking price is $1,195,000, with a minimum earnest money deposit of 10% or $20,000, whichever is greater.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Parksville
- County
- Sullivan
- State
- New York
- Longitude
- -74.7577
- Latitude
- 41.8511
