Property profile

30680 State Hwy 17w Hancock, NY 13783

OFF-MARKET
Motels
Property ID
US63-1883805
18.9 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 11-unit motel in Hancock, NY, presents a unique investment opportunity in the heart of the Catskill Mountains. Located on 19 acres at 30680 State Hwy 17W, this property boasts easy access to Route 17 and offers a blend of commercial and hospitality uses. Currently operating at 50% occupancy, the motel presents significant upside potential. The property includes a three-bedroom house, ideal for on-site management or owner occupancy, adding to its convenience and flexibility. The commercial zoning allows for diverse operational strategies. The asking price is $449,999, representing a compelling entry point into the thriving Catskill tourism market. The property's location provides easy access to nearby towns like Roscoe and Livingston Manor, known for their charming shops and restaurants. The extensive acreage offers ample space for expansion or additional amenities. This turnkey operation is ready for a new owner to capitalize on its potential and enjoy the serene beauty of the Catskill region. The property's APN is 123089-400-000-0001-010-000 and is situated in Delaware County, NY, zip code 13783. The net lease structure offers a straightforward ownership model. This is a rare opportunity to acquire a well-positioned motel with significant growth potential in a highly desirable location.

Property profile

Verified
Property type Motels
Use group MOTEL
Lot 18.9 ac (823,284 SF)
APN 123089 400.-1-10
UPID US63-1883805

Cap rate & NOI

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

Location

30680 State Hwy 17w Hancock, NY 13783-2038
Hancock metro Census 970501
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2024
Last sale
$450,000
3 recorded transactions
2024
$450,000
2017
$85,000
2017
Price N/A

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
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