304 Shoddy Hollow Rd, Otisville, NY 10963
This exceptional 19.8-acre vacant land parcel in Mount Hope, NY, presents a remarkable investment opportunity. Located at 304 Shoddy Hollow Road, Otisville, NY 10963, this expansive property offers unparalleled versatility. Previously utilized as a private resort accommodating over 180 guests, the site boasts existing infrastructure including a main house (built 1984) featuring four bedrooms, three bathrooms, a full unfinished basement, and vaulted ceilings. Ten additional outbuildings, each with plumbing and electricity, are also present, though requiring repairs. Recreational amenities include a concrete inground pool and tennis courts. A pond adds to the property's natural beauty, ideal for outdoor enthusiasts. The land's zoning has recently changed, simplifying potential subdivision into new homes. Alternatively, the property could be utilized as a single-family residence on expansive grounds or, with town approval, as a day camp, continuing its legacy of recreational use. Conveniently located near local amenities, including restaurants and shopping, and with easy highway and train access, this property offers a unique blend of rural tranquility and urban accessibility. New York City is only 90 minutes away. The total square footage is 862,488 square feet. This property is priced at $1,750,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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