125 Main St, Newark, NY 14513-1240
This exceptional 67,100 square foot full-service hotel presents a unique investment opportunity in the heart of Newark, NY. Boasting 107 guest rooms, an on-site bar and restaurant, and extensive banquet facilities, this established property enjoys a long history of success. Situated on a 2.77-acre parcel with newly repaved parking for approximately 200 vehicles, the hotel offers convenient water access along the picturesque Erie Canal. Detailed plans are available for review, outlining a potential flag conversion to a Wyndham Garden Inn, showcasing the property's significant upside. The property's prime location in the Village of Newark, the largest municipality in Wayne County and part of New York's renowned Finger Lakes Region, ensures strong visibility and accessibility. This substantial property offers limitless potential for continued operation as a thriving hotel or presents an attractive site for redevelopment, catering to a variety of uses. The seller is open to considering all offers, making this a compelling investment prospect for discerning buyers. The property's size, amenities, and location combine to create a truly exceptional opportunity within a vibrant and growing market. The existing infrastructure and established clientele provide a solid foundation for future growth and profitability.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Newark, NYNewark. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.