960/968 Parksville Rd, Parksville, NY 12758
This unique 6,000 square foot property, situated on 2.42 acres in Livingston Manor, NY (Sullivan County, zip code 12758), presents a compelling redevelopment opportunity. Currently vacant, this distressed asset includes a 23-room motel and a classic diner, both built in 1990 and situated on 960/968 Parksville Rd. The property boasts a recently upgraded septic system and is zoned C, allowing for various commercial uses. Its prime location offers access to the Little Beaver Kill Stream, a renowned fly-fishing destination, and proximity to the East Branch of the Delaware River. The existing infrastructure, including sewer and water upgrades, supports expansion potential, with plans including at least ten additional two-bedroom cabins. The asking price is $1,195,000, with seller financing available: 30% down, 70% interest-only at 6% for up to five years, with no fees or prepayment penalties. This property is ideal for an RV resort with amenities, capitalizing on its location and existing structures. The diner's established presence provides a strong foundation for additional revenue streams. The property's APN is 483689 5.-1-18.2. This is a redevelopment project with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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