1423 Genesee St Utica, NY 13501

Property Details for 1423 Genesee St

Year built

1860

Lot size

1.00 lot acres

Property size

7,200 SF

Property type

Hotels

Description

This exceptional investment opportunity presents the Rosemont Inn, a beautifully restored Italianate Victorian brick mansion built in 1860 and meticulously renovated in 2023. Located in the heart of Utica, NY, at 1423 Genesee St, this 7,200 square foot, three-story hotel boasts eight uniquely decorated guest rooms, each with a private ensuite bathroom. The property sits on a one-acre lot and is zoned for commercial use. All rooms are elegantly furnished and equipped with modern amenities including king or queen beds and high-speed Wi-Fi, catering to the expectations of today's discerning travelers. Beyond the guest rooms, the inn features several inviting common sitting areas and a bright, open breakfast room complete with a commercial-grade kitchen, perfect for serving a delightful breakfast to guests. The inn's tasteful furnishings and décor seamlessly blend historical charm with contemporary elegance, creating a truly memorable guest experience. Recent renovations and operational improvements have resulted in increased occupancy and average daily rate (ADR), establishing a sustainable and profitable business. While currently operating as a successful bed and breakfast, there's significant potential for further growth, particularly through the addition of wedding receptions or other special events. Detailed financial information is available upon request and execution of a non-disclosure agreement. This is a rare chance to own a piece of Utica's history and a thriving hospitality business. The property is offered at $995,900.