3979 State Route 31 - Hospitality FOR SALE


Liverpool, NY 13090
$6,500,000 USD
315-569-1227
3979 State Route 31, Liverpool, NY for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

3979 State Route 31
Liverpool, NY 13090


HIGHLIGHTS

  • Closest Choice-branded hotel (only 5 minutes) to the largest economic development project in NY history $100 Billion Micron Campus
  • Upside potential as renovation & rebranding ramp continues and Micron site work and construction begin
  • Located in one of CNY’s highest-traffic commercial corridors (Rte 31 / Rte 481)
  • Strong market ADR leaves room for continued rate growth and market penetration
  • Just 15 minutes from Syracuse Hancock International Airport, which welcomed a record 3 million passengers in 2024

OVERVIEW

Hospitality Associates is proud to exclusively present the 63-key Comfort Inn & Suites Liverpool– Clay, a highly strategic midscale hotel positioned at the convergence of Route 31 and Route 481— one of Central New York’s busiest and most established retail corridors. The property sits less than five minutes from Micron Technology’s historic $100 billion semiconductor campus, placing it among the closest and most directly aligned branded hotels to the largest private investment in New York State history. Built in 1997 and renovated in 2024, the hotel offers well-maintained guestrooms, modernized common areas, and the consistency and distribution strength of the Choice Hotels Comfort brand. With strong operational improvements following the 2024 ownership transition and revenue stabilization underway, the hotel is positioned to further capitalize on rising market ADR and accelerating regional commercial activity. The property benefits from exceptional access and visibility within the Route 31/481 corridor—a dense, high-traffic retail and commercial zone featuring national big-box anchors, dining, logistics hubs, medical offices, and rapidly expanding residential development. This corridor will serve as the primary commercial spine for the tens of thousands of incoming contractors, engineers, suppliers, and long-term Micron employees expected to mobilize into the Clay/Liverpool area beginning in 2026. Performance is expected to strengthen significantly as Micron’s construction phases advance. Projections anticipate occupancy rising to 75% in 2026, 85% in 2027, and stabilizing near 90% in 2028, with corresponding ADR growth driven by constrained supply and extraordinary long-term demand pressure across the Syracuse MSA. With NOI margins stabilizing near 40%, the property represents an exceptional opportunity for investors seeking predictable cash flow, brand stability, and long-term value creation at the onset of a transformational economic cycle. Delivered unencumbered by management, the Comfort Inn & Suites Liverpool–Clay provides the ideal combination of location, scale, brand affiliation, and market timing—positioning a new owner to capture both immediate operational upside and decades of demand acceleration fueled by Micron’s multi-phased development.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$202 USD /SF

# OF ROOMS

63

PRICE/ROOM

$103,175 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites Liverpool Syracuse

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

62

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

C

APN/PARCEL ID

312489-021-000-0001-005-005-0000

ASK ABOUT THIS PROPERTY

John ChristopherJohn P ChristopherMore Info
315-569-1227

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John ChristopherJohn P ChristopherMore Info
315-569-1227

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