148 Route 28 - Hospitality FOR SALE


Inlet, NY 13360
$3,420,000 USD
315-369-5434
148 Route 28, Inlet, NY for Sale
$3,420,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

148 Route 28
Inlet, NY 13360


OVERVIEW

The Woods Inn was originally called the Hess Camp after the original owner Fred Hess. The main building was built in 1897. Later additions were made to the hotel and it was purchased by Philo Wood in 1907 and renamed the Wood Hotel. In the summer of 1913, Philo built a casino behind the hotel. Over time the hotel changed owners, buildings were added and the hotel was completely renovated for modern use. The current owners purchased the refurbished and renovated hotel in 2014. They reconstructed the Casino into townhomes and have added a heated, covered pavilion on the side for weddings and parties. In total there are 30 rental facilities, 27 of which are open year round. Panoramic sunsets and views from the front covered porch, dock, and restaurant looking down Fourth Lake are spectacular. A rathskeller bar offers a place to relax, year round. The restaurant upstairs offers fine dining. For a more informal atmosphere, there is a dockside caf with dock seating in the summer months.

FOR SALE DETAILS

PRICE

$3,420,000 USD

PRICE/SF

$228 USD /SF

# OF ROOMS

24

PRICE/ROOM

$142,500 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Woods Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1897

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

C2

APN/PARCEL ID

202800-059-012-0001-010-111-0000

ASK ABOUT THIS PROPERTY

Heather Timm KeenTimm Associates, Inc.More Info
315-369-5434

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Heather Timm KeenTimm Associates, Inc.More Info
315-369-5434

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