6614 Thompson Rd Syracuse, NY 13206-1318
Property profile & analytics
6614 Thompson Rd Syracuse, NY 13206-1318
- Motels
- 15,696 SF
- 2.91 lot acres
Property ID
US63-6001000
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Red Roof Inn Syracuse / Hotel & Motel
- Livingston Charge Port Charging Station / Electric Vehicle Charging Station
Property Details for 6614 Thompson Rd
- Year built
- 1986
- Lot size
- 2.91 lot acres
- Property size
- 15,696 SF
- Zone code
- 06 - INDUSTRIAL
- Property type
- Motels
- APN
- 312689 025.-03-05.2
- APU
- 31268902503052
Description
Exceptional investment opportunity: The Red Roof Inn Syracuse, a 114-key hotel, is offered for $4,250,000. This fee-simple property boasts 15,696 square feet across a 2.91-acre lot, featuring a three-story building constructed in 1986 and fully renovated in 2023. The hotel enjoys a prime location in Syracuse, New York (13211), conveniently situated off Interstate 90, within the vibrant commercial and cultural heart of Central New York. Its strategic proximity—just 10 miles from the upcoming $100 billion Micron Chip Project—promises significant future growth potential. The property's strong historical occupancy rates and minimal required property improvements post-transfer make it an attractive proposition. With 114 exterior corridor rooms, the price per key stands at $37,280.70, and the price per square foot is $270.77. This represents a compelling investment opportunity with substantial upside potential. The property's recent renovation minimizes disruption, ensuring a smooth transition for the new owner. The asking price reflects a 2.7 times multiple of the trailing twelve-month 2024 room revenue. This well-maintained hotel presents a rare chance to acquire a profitable asset in a rapidly developing area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,160,000
- ML approach
- $5,120,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.0924
- Latitude
- 43.0917
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$209,000
$3,441,000
$3,650,000
-
$209,000
$3,441,000
$3,650,000
