5674 Ny-52 Kenoza Lake, NY 12750
- Hospitality properties
- 12,000 SF
- 13.00 lot acres
Current Use by Public Records
- Isalis / Boutique / Women'S Clothing Store
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 5674 Ny-52
- Lot size
- 13.00 lot acres
- Property size
- 12,000 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This unique redevelopment opportunity presents the chance to acquire The Fern Inn, a 12,000 square foot historic bed and breakfast situated on 13 acres in Kenoza Lake, New York. Located at 5674 NY-52, Sullivan County, this property offers significant potential for restoration and renovation. The asking price is $195,000, translating to $24.58 per square foot. The property consists of one building and features a fee simple ownership. Town of Delaware tax map # 2600-027-0-0001-011-000. Annual property taxes are approximately $5,400. The property's zoning allows for adaptive reuse of older residential structures, aligning with its historic character and the area's tourism economy. This presents a multitude of options for expansion and repurposing, beyond its original use as a bed and breakfast. Owner financing is available with a 30% down payment and a 70% balance at interest-only monthly payments over five years, with no fees or prepayment penalties. This attractive financing option allows for the acquisition and subsequent securing of permanent financing once operational. The property's size, location, and historical significance make it an exceptional investment prospect.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kenoza Lake
- County
- Sullivan
- State
- New York
- Longitude
- -74.9497
- Latitude
- 41.7335
