345 Main St, Ilion, NY 13357-1313

This fully renovated 31-key Motel 6 in Ilion, NY, presents a lucrative investment opportunity. Boasting 9,000 square feet across two buildings on a 3.5-acre lot, this property underwent a complete renovation in 2021. Conveniently located off I-90 near Utica, it benefits from high traffic volume and proximity to commercial areas, restaurants, and shops. The motel features a variety of room configurations, catering to both business and leisure travelers. A spacious three-bedroom owner's apartment with a kitchen and living area is included, providing comfortable living quarters for an on-site manager. The property also includes a large vacant space, previously used as a banquet facility, offering significant potential for expansion or additional revenue streams through leasing. Built in 1968, this well-maintained property offers a strong base of business and high potential for increased profitability through strategic management and potential expansion. The established Motel 6 franchise provides brand recognition and a proven business model. This turnkey operation is priced at $1,300,000, representing an exceptional value in the current market. The property is zoned commercial and offers ample on-site parking. Don't miss this chance to acquire a thriving hospitality business with significant upside potential.