25 State Route 55 Barryville, NY 12719
- Motels
- 728 SF
- 3.94 lot acres
Current Use by Public Records
- Motels
Property Details for 25 State Route 55
- Year built
- 1997
- Lot size
- 3.94 lot acres
- Property size
- 728 SF
- Zone code
- HC
- Property type
- Motels
- APN
- 483400 28.-11-3
- APU
- 48340028113
Description
This exceptional 108.08-acre property in Barryville, NY, presents a unique investment opportunity. Situated along the scenic Delaware River, this former resort boasts a prime location just off State Route 55 and Mail Road, offering excellent visibility and accessibility. The property includes a 7,106 square foot main building currently undergoing renovations, featuring new insulation, sheetrock, plumbing, and electrical systems. This six-room guesthouse is complemented by five additional guest cottages, providing ample accommodation for guests. Two storage sheds are also included on the property. Recreational amenities are abundant, including a large inground pool, and the surrounding area offers plentiful opportunities for hiking, fishing, canoeing, kayaking, and hunting, thanks to the presence of lakes and streams. The property's location within Sullivan County provides easy access to the natural beauty of the region, attracting visitors from the New York, New Jersey, and Pennsylvania metropolitan areas. Its strategic location also offers potential for future subdivision or expansion of the existing resort or development of a new business venture. Conveniently located within 30 minutes of commuter trains and buses, and just two hours from the George Washington Bridge, this property offers the best of both worlds: a tranquil, natural setting with easy access to major transportation hubs. The asking price is $2,400,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $795,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $905,000
- 6.5%
- $890,000
- 7%
- $1,015,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $955,000
- Geo Method
- $885,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $795,000
- Retail
- $1,030,000
- Mixed-Use
- $965,000
- Hospitality
- $1,040,000
- Educational
- $955,000
- Residential Income
- $900,000
- Energy
- $950,000
- Income-Based Land
- $1,045,000
- Food Service
- $965,000
Location Insight
- Map
- Local Demand
- City
- Barryville
- County
- Sullivan
- State
- New York
- Longitude
- -74.9107
- Latitude
- 41.4789