5107 Langford Rd - Hospitality FOR SALE


North Collins, NY 14111
$1,250,000 USD
716-480-8117
5107 Langford Rd, North Collins, NY for Sale
$1,250,000 USD
Hospitality - FOR SALE
1/70
null | 15% Cap Rate

5107 Langford Rd
North Collins, NY 14111


HIGHLIGHTS

  • 4 Structures totaling 9,000sqft
  • Commercial Kitchen
  • Event Center & Airbnb

OVERVIEW

The options are endless for the most fickle visionary! Could generate a 15% CAP or more. Turn key business (Marienthal Country Inn) and 4 structures to include gorgeous event center (church), single family house (Airbnb or group rental), Airbnb two family house (bed & breakfast), and garage. The buildings and mechanical systems (from electric, to septic) have all been modernized since 2007. Large commercial kitchen in the main event center and cafe. Lovely outdoor patio area with fireplace. Two out door pergolas. Square footage includes 3 operating buildings: Event Center (old church 3500sq ft) w/commercial kitchen, cafe, upper relaxation room and 2 B&B's; the brick group rental bldg (3,000 sq ft) has 5 bedrooms/3 baths/lounge area with each bedroom having sinks. The other B&B has 2,500 sq ft of space with an apartment (1 bedroom, 1&1/2 bath) and 3 B&B room rentals (3 bedrooms/3 baths) with its own separate entrance. Events have included weddings, bridal and baby showers, corporate retreats, Bills parties, pop-up dinners, scrapbook events, weekend getaways, and more. This sale includes all chattels, furniture, art, fixtures and equipment to operate the business. Advertised business revenue is based on a proforma at 50% occupancy and a minimum of 13 weddings per year. Revenue could be close to or above $300k with the correct advertising, marketing, and SEO.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$395 USD /SF

# OF ROOMS

4

PRICE/ROOM

$312,500 {currency}

CAP RATE

15%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marienthal Country Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel, undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1858

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

Inn/Lodge/Boarding House

APN/PARCEL ID

145889-272-000-0002-031-200

ASK ABOUT THIS PROPERTY

Shannon McNicholNichol City Realty & Business BrokersMore Info
716-480-8117

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Shannon McNicholNichol City Realty & Business BrokersMore Info
716-480-8117

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