1725 US-9W Hwy - Hospitality FOR SALE


Milton, NY 12547
$3,475,000 USD
845-206-3667
1725 US-9W Hwy, Milton, NY for Sale
$3,475,000 USD
Hospitality - FOR SALE
1/29
null | Request Cap Rate

1725 US-9W Hwy
Milton, NY 12547


HIGHLIGHTS

  • Iconic 100 year old restaurant, right on route 9w, 8,6 acres, 5 separate rental homes, vegetable and herb gardens.

OVERVIEW

For over a century, The Ship Lantern Inn has been one of the Hudson Valley’s most recognizable fine-dining destinations, offering a rare opportunity to acquire an iconic property with an extraordinary history. Situated on approximately 8.6 acres across two tax parcels along highly traveled Route 9W, the offering includes the established restaurant property, extensive parking, five residential homes, and six income-producing rentals. The restaurant features multiple distinctive dining spaces, a substantial commercial kitchen, outdoor entertaining areas, and established vegetable and herb gardens that complement the region’s celebrated farm-to-table culture. Municipal water, natural gas, prominent visibility and approximately 19,000 vehicles passing daily provide valuable infrastructure and exposure for continued hospitality use or future redevelopment. Conveniently located approximately 15 minutes from Metro-North service in both Beacon and Poughkeepsie, the property is positioned within a growing Hudson Valley destination market surrounded by wineries, orchards, historic attractions and acclaimed hospitality experiences. Offered at $3,475,000, this is a once-in-a-generation opportunity to continue the legacy of a Hudson Valley institution or thoughtfully create its next chapter. SEE BROCHURE FOR MORE INFORMATION.

FOR SALE DETAILS

PRICE

$3,475,000 USD

PRICE/SF

$324 USD /SF

# OF ROOMS

16

PRICE/ROOM

$217,188 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ship Lantern Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1925

PARKING SPACES

60

LAND DETAILS

LAND ACRES

8.6 AC

LAND SF

374,616 SF

ZONING

RAG1

APN/PARCEL ID

3600-103.003-0001-008.100-0000,3600-103.003-0001-012.000-0000

ASK ABOUT THIS PROPERTY

John DeMarcoCentury 21 Alliance Realty GroupMore Info
845-206-3667

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

John DeMarcoCentury 21 Alliance Realty GroupMore Info
845-206-3667

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