Property summary
This exceptional investment opportunity presents a 34-room motel situated on a 1.04-acre lot in Ellenville, NY, directly on Route 209. The property boasts a distinctive 1970s aesthetic and features a newly installed propane tank system, along with significant recent capital improvements, ensuring immediate revenue generation. The motel includes a one-bedroom manager's apartment for convenient on-site management, and a separate multi-family building with four additional one-bedroom units, providing supplemental income or staff housing. The substantial 15,268 square foot building also includes a large basement for storage. The property benefits from municipal water and sewer, minimizing maintenance concerns. Undeveloped land with road frontage offers significant expansion potential, allowing for the addition of boutique suites, amenities, or even a complete reimagining of the property. Zoned B-3 (Highway Business), this versatile property is well-suited for a variety of commercial uses beyond hospitality, including retail or other ventures. This prime location in the thriving Ellenville market offers easy access to steady tourist and local traffic, making it an ideal investment for those seeking a profitable and dynamic hospitality business or a multi-faceted commercial venture. The property's retro charm and substantial size present a unique opportunity to capitalize on the growing popularity of the Catskills region.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
All cannabis-related uses permitted in the Cannabis Retail Overlay District or the B-1, B-2, and B-3 Districts shall be subject to prior review and approval of a special permit by the Village Planning Commission. (2) Any…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Ellenville, NYAll cannabis-related uses permitted in the Cannabis Retail Overlay District or the B-1, B-2, and B-3 Districts shall be subject to prior review and approval of a special permit by the Village Planning Commission. (2) Any…
Zoning
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Zoning designation
Official district profile
All cannabis-related uses permitted in the Cannabis Retail Overlay District or the B-1, B-2, and B-3 Districts shall be subject to prior review and approval of a special permit by the Village Planning Commission. (2) Any…
What can be built and operated here — officially.
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