539-541 Route 52 - Hospitality FOR SALE


Kent Lakes, NY 10512
$999,000 USD
845-225-2020
539-541 Route 52, Kent Lakes, NY for Sale
$999,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

539-541 Route 52
Kent Lakes, NY 10512


OVERVIEW

4-Unit Apartment Building + Rehab Opportunity Motel (11 ROOMS) in Scenic Rural Setting on 7.5 acres. This Rare opportunity to acquire a unique income-producing property with tremendous upside potential. This offering includes a fully occupied 4-unit apartment building and an adjacent motel in need of complete renovation—both situated on a spacious lot in a quiet, picturesque rural location. The apartment building features four separate units, each with private entrances, ample parking, and steady rental income. The structure is well maintained, with separate utilities and strong tenant history. Next door, the motel includes multiple rooms, but it requires significant rehabilitation to bring it back to operational status. For the right buyer, this presents an incredible value-add opportunity. Whether converted into updated lodging, extended-stay rentals, or even short-term vacation units, the potential is limitless. With beautiful natural surroundings overlooking the shores of Lake Carmel, convenient road access, and room to expand or reimagine the site, this property is perfect for investors, developers, or entrepreneurs seeking a mixed-use asset in a tranquil setting. This is an excellent opportunity for value-add investment or redevelopment with expansion potential. Rural setting, yet on a well-traveled road with approximately 7,200 cars that pass this unique property per day. Close to Route I-84. Bring your vision and unlock the full potential of this one-of-a-kind property. Great expansion and vision to be repurposed as a Bed and Breakfast or small retail plaza with residential rentals above.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$307 USD /SF

# OF ROOMS

4

PRICE/ROOM

$249,750 {currency}

CAP RATE

Request Cap Rate

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hollywood Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.27 AC

LAND SF

316,681 SF

ZONING

C

APN/PARCEL ID

372200-033-040-0001-001-000-0000

ASK ABOUT THIS PROPERTY

Angela BrianteBriante Realty Group LLCMore Info
845-225-2020

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Angela BrianteBriante Realty Group LLCMore Info
845-225-2020

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