1255 State Fair Blvd - Hospitality FOR SALE


Solvay, NY 13209
$2,450,000 USD
315-445-8517
1255 State Fair Blvd, Solvay, NY for Sale
$2,450,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

1255 State Fair Blvd
Solvay, NY 13209


HIGHLIGHTS

  • Forty-two room motel with conference area and restaurant situated on 12.56 acres of land conveniently located minutes from I-90
  • Features include: fully equipped kitchen, bar, conference room, laundry facilities and ample basement storage area
  • Offers high visibility and easy access from Interstate 690. Includes long-term billboard lease
  • Low-cost electric service provided by Solvay Electric, offering ample power supply
  • Several recent capital improvements
  • Ideal for continued hospitality use, adaptive reuse or redevelopment

OVERVIEW

Well-known area staple, the Western Ranch Motel offers 42 rooms on 12.56 acres with outstanding I-690 visibility and access. Features include a full kitchen and bar plus the benefit of low-cost Solvay Electric service and billboard income. Several significant capital improvements have been made in recent years making it ideal for continued hospitality use or transformational redevelopment.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$89 USD /SF

# OF ROOMS

42

PRICE/ROOM

$58,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Western Ranch Motor Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

100

LAND DETAILS

LAND ACRES

4.97 AC

LAND SF

216,493 SF

ZONING

02

APN/PARCEL ID

313289-019-000-0001-012-001-0000

ASK ABOUT THIS PROPERTY

Stephen ScuderiCushman & Wakefield | Pyramid Brokerage CompanyMore Info
315-445-8517

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Stephen ScuderiCushman & Wakefield | Pyramid Brokerage CompanyMore Info
315-445-8517

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