930 1st St, Fulton, NY 13069-4907

Exceptional opportunity to acquire the fee-simple interest in a thriving 70-room Red Roof Inn located in Fulton, New York. This well-maintained hotel, built in 1987 and boasting 37,130 square feet on a 4.44-acre lot, features a recently completed upgrade to the latest Red Roof Inn design package, including new LTV flooring throughout. The property includes 130 parking spaces and convenient amenities such as an outdoor patio, a meeting room, and a unique boat dock situated along the Oswego River. The hotel benefits from a strong location, just 20 minutes north of Syracuse Hancock International Airport and 15 minutes south of Oswego and Lake Ontario. Its proximity to the new Micron plant, creating 55,000 jobs, ensures strong future demand. The property generates approximately $800,000 in annual revenue and currently includes a separately leased restaurant generating $48,000 annually, with no operational responsibilities for the hotel owner. Minimal capital improvements are anticipated for the new owner. The hotel is zoned for commercial use and has a two-story building. This is a turnkey operation with significant upside potential. Asking price: $3,200,000. APN: 253.51-01-01.