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    Property profile & analytics
    OFF-MARKET Estimated value $1,600,000
    Motels

    125 Main St, Newark, NY 14513-1240

    67,100 SF 2.77 ac lot Built 1980
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US63-4318179
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1980
    Total area 67,100 SF
    Lot 2.77 ac (120,661 SF)
    Zoning code B2
    APN 542001 68111-18-318101
    UPID US63-4318179
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.61M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.60M
    Owner & transaction history
    125 N Main Allegany LLC · 3 yrs held
    125 N Main Allegany LLC
    since 2022
    Last sale
    $1.6M
    3 recorded transactions
    2022
    $651,532
    2015
    $1.2M
    2011
    $40,000
    Zoning & alternative use
    B2 · Newark, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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