Property profile

66 Main St Ellenville, NY 12428

OFF-MARKET
Motels
Property ID
US63-4059753
7,378 SF 1.04 ac lot Built 1970
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Motels
Use group MOTEL
Year built 1970
Total area 7,378 SF
Lot 1.04 ac (45,302 SF)
Zoning code B-3
APN 515601 83.70-3-26
UPID US63-4059753

Cap rate & NOI

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

Location

66 Main St Ellenville, NY 12428-1322
Ellenville metro Census 954800 KINGSTON, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2018
1 recorded transaction
2018
$700,000

Zoning & alternative use

B-3 · Ellenville, NY
Zoning description

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…

General category COMMERCIAL

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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