125 N Main St - Hospitality FOR SALE


Newark, NY 14513
$1,850,000 USD
315-430-1347
125 N Main St, Newark, NY for Sale
$1,850,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

125 N Main St
Newark, NY 14513


HIGHLIGHTS

  • Hotel Opportunity in the Prime Finger Lakes region, adjacent to the Erie Canel. 67,100 square foot, two-story structure w Restaurant, Bar, Indoor Pool

OVERVIEW

Presenting a rare opportunity to acquire a 107-room hotel with a longstanding history of success, ideally located in the heart of Newark, New York—just steps from the scenic Erie Canal waterway and centrally positioned within the renowned Finger Lakes region. Situated on 2.77 acres of prime commercial real estate, this expansive 67,100 square foot, two-story concrete structure combines durability with functionality. The property is designed to accommodate both leisure and business travelers, offering a full suite of amenities. Indoor swimming pool with a retractable roof is ideal for year-round use. Spacious banquet and event room are perfect for weddings, conferences, and community gatherings. On-site bar/lounge caters to guests and locals alike. Ample parking and high visibility in a high-traffic corridor. The location offers unmatched convenience and charm, with walkable access to local shops, dining, and recreational areas along the Erie Canal. With its strong regional identity, this property is poised for continued profitability and potential repositioning under a national or boutique flag. Prime Finger Lakes location near Rochester and Syracuse. Whether you're looking to expand your hospitality portfolio or invest in a cornerstone property in one of upstate New York’s most desirable regions, this hotel offers solid cash flow potential with upside for redevelopment or brand affiliation. Property has not been in operation for 3 years and is being sold as-is.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$28 USD /SF

# OF ROOMS

107

PRICE/ROOM

$17,290 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newark Garden Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1978

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.77 AC

LAND SF

120,661 SF

ZONING

B2

APN/PARCEL ID

542001-000-000-0000-740-400-0000

ASK ABOUT THIS PROPERTY

Tamela HoffmanHunt Real Estate ERAMore Info
315-430-1347

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Tamela HoffmanHunt Real Estate ERAMore Info
315-430-1347

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.