6812 Us-209 Kerhonkson, NY 12446

Exceptional investment opportunity: The Colonial Motel, a 25-room hospitality property in Kerhonkson, NY, is offered at $8,250,000. This established motel boasts a 9.90% cap rate and a strong NOI of $377,000. Situated on a sprawling 93.53-acre lot, the property presents significant value-add potential. The existing motel features seven buildings, including a renovated three-bedroom, two-bathroom home with an office, and a turn-of-the-century schoolhouse. The motel itself comprises 20 existing rooms, with an additional 17 rooms built within existing structures. The property also includes two older cottages. Built in 1965 (with some structures dating back to 1920 and renovated in 2010), the motel offers 8,425 square feet of space and 26 parking spaces. The property is zoned 418 Inn Lodge, allowing for diverse development options, including eco-cabins, year-round green homes, or expansion of the existing motel. The location on the busy US-209 corridor in the Hudson Valley ensures high visibility and accessibility. This unique property offers a rare chance to capitalize on both existing income and substantial future development potential. The property is shown by appointment only.