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    OFF-MARKET
    Motels

    30680 State Hwy 17w, Hancock, NY 13783-2038

    18.9 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US63-1883805
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Liba Retreats LLC · 1 yrs held
    Liba Retreats LLC
    since 2024
    Last sale
    $450,000
    3 recorded transactions
    2024
    $450,000
    2017
    $85,000
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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