Technical
Financial
Distress signals
Property profile

148 Route 28 Inlet, NY 13360

OFF-MARKET
Commercial real estate
Property ID
US63-3269742
20,000 SF 3.7 ac lot Built 1930
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 20,000 square foot property, situated on a 3.7-acre lot at 148 Route 28 in Inlet, NY, presents a unique investment opportunity. Originally built in 1897 as the Hess Camp, this historic inn, later known as the Wood Hotel, has undergone extensive renovations and expansions. The current configuration includes 30 rental units, 27 of which operate year-round, providing consistent revenue streams. The property boasts a captivating history, with additions and renovations throughout its lifespan, culminating in the current owner's 2014 acquisition and subsequent improvements. A key feature is the transformation of the original casino building into attractive townhomes, adding to the property's diverse income potential. Further enhancing the property's appeal is a newly constructed heated, covered pavilion, ideal for weddings and other events. Guests and residents enjoy breathtaking panoramic sunsets and views of Fourth Lake from the front covered porch, dock, and the upscale restaurant. A cozy rathskeller bar provides a relaxed atmosphere, while the fine dining restaurant upstairs offers a more sophisticated experience. For a casual dining option, a dockside cafГ© with outdoor seating is available during the summer months. This turnkey operation offers a blend of history, modern amenities, and exceptional lakefront views, making it an attractive investment in the vibrant Inlet, NY market.

Property profile

Verified
Property type Commercial real estate
Year built 1930
Total area 20,000 SF
Lot 3.7 ac (161,172 SF)
UPID US63-3269742

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

148 Route 28 Inlet, NY 13360
Inlet metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 148 Route 28?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message