0 Shr Rd Port Jervis, NY 12771
This exceptional 65+ acre property in Sullivan County, NY, presents a remarkable investment opportunity. Located near the renowned Bethel Woods Center for the Arts – the site of the historic 1969 Woodstock festival – this land offers unparalleled potential. The property's strategic location, approximately 1.5 miles from Bethel Woods, places it within easy reach of a significant tourist destination attracting roughly 450,000 visitors annually. A preliminary concept site plan envisions a substantial development including a 120-room hotel, 168 parking spaces, 114 RV sites, 33 tent sites, and a 4,800 sq ft restaurant with additional parking. However, the flexible zoning within the Rural Development District allows for a wide array of uses, including hotels, retail spaces, educational facilities, RV parks, mobile home parks, and various outdoor entertainment venues. The asking price is $1,499,000, translating to $27,638 per acre. This represents a unique chance to capitalize on the growing tourism in the Catskills region and the anticipated expansion of Bethel Woods, which recently applied for a $9 million grant to significantly increase its camping capacity. Detailed zoning regulations and the concept site plan are available upon request. The property boasts two addresses: W Shore Rd, Bethel, NY 12771 and 126 West Shore Rd, Kauneonga Lake, NY 12749.
Cap rate
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Property description
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