Brick & Mortar is pleased to exclusively represent the sale of The Colonial Motel in Kerhonkson, NY. This is the first sale of the property in nearly thirty years. 12.8% CAP rate, and a huge upside with development of the 93 acres and the Motel component for a variety of uses. Since 2024 the Motel portion of the property has had over one million dollars in upgrades. Route 209 is a very busy corridor in NY's Hudson Valley. The property has unlimited potential and sits on a 93.53 acre parcel of land. Potential to greatly expand the hotel into the surrounding property with Eco Cabins, year round Green Homes, or a combination of the two, and added development. Envision 40-50 Micro and Eco home/cabins on the property dotted into the woodland behind the motel. There is also the potential to develop the 83 acres behind the motel into year round residences. There is ample frontage on the Route 209 border of the property to create an access road to the upper tiers of the property. The upper tiers of the property consist of open fields and woodlands. Photos of the upper tiers of the property are available up on request. The motel, as operating, comprises 28 rooms, with 8 newly constructed suites and 9-12 additional rooms planned for renovation within existing buildings. There are two older cottages on the property, and a turn of the century schoolhouse that await your architect. Parking for 36 cars with additional space to expand. The 1965 classically styled motel rooms sit to the right of the drive in and have a retro feel to them. There is also an 1800 schoolhouse next to the motel rooms that has many original details including high ceilings, pressed tin throughout, and even the original schoolhouse chalkboard. Great potential with this building to be repurposed as additional hotel rooms, a farm to table restaurant, or a clubhouse for the motel. Additionally, there is a renovated three bedroom, two full bathroom home, which has an office in the front for the motel. The home/office has a new roof, remodeled attic, finished basement and new laundry room. A new larger and expanded office has just been completed on the front of the building and there is a 14" x 14" deck that is about to begin construction. Seven buildings in total on the property. Multiple new garage and storage barns have also been added in the past year. There are two new septic systems at the motel complete with three new leach fields. Two new power lines bring in 400 amp electrical service. There is also a new dedicated fiber line for internet and cabe. The driveway has been repaved and expanded to double its former size and has new blacktop and walkways. Financials and additional information on the property are available upon request with a signed NDA and POF. Shown by appointment.