6812 Rt. 209 Kerhonkson, NY 12446
- Office Properties & Spaces
Current Use by Public Records
- Office Properties & Spaces
Property Details for 6812 Rt. 209
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 93.53-acre parcel in Kerhonkson, NY, featuring a 22-room motel with significant expansion potential. The property boasts a 9.9% CAP rate and offers substantial upside through development of the existing motel and surrounding land. The site includes seven buildings, including two older cottages and a turn-of-the-century schoolhouse ripe for repurposing. Imagine adding 14 more rooms to the existing motel, or developing the expansive acreage into eco-cabins, year-round green homes, or a combination of both. The property's location on the busy Route 209 corridor in New York's Hudson Valley ensures high visibility and accessibility. The existing motel features 22 classically styled rooms, and ample parking for 26 cars with room for expansion. A renovated three-bedroom, two-bathroom home with an office is also included. The possibilities are endless, from expanding the existing motel to creating a unique residential community. An access road at the rear of the property could facilitate development of the 83 acres behind the motel. The turn-of-the-century schoolhouse, with its high ceilings and original details, presents a unique opportunity for a restaurant, clubhouse, or additional hotel rooms. This property is being offered at $8,250,000. Showings are by appointment only.
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
- Kerhonkson
- County
- 36111
- State
- New York
- Longitude
- -74.3406
- Latitude
- 41.7685
