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Property profile & analytics
OFF-MARKET
Commercial real estate

148 Route 28 Inlet, NY 13360

20,000 SF 3.7 ac lot Built 1930
Property ID
US63-3269742
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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