9579 Cookingham Rd - Residential Income FOR SALE


Remsen, NY 13438
$6,999,000 USD
321-512-9758
9579 Cookingham Rd, Remsen, NY for Sale
$6,999,000 USD
Residential Income - FOR SALE
1/27
null | Request Cap Rate

9579 Cookingham Rd
Remsen, NY 13438


HIGHLIGHTS

  • Lakefront
  • airbnb
  • car collector garage

OVERVIEW

Turnkey Properties + Business + Extra lots, located in Upstate New York This extraordinary hospitality enterprise encompasses five fully-furnished luxury rental homes and a premier event venue on 14 scenic acres overlooking Hinckley Lake in upstate New York. With $675,550+ in annual revenue and 85% occupancy rates, this turnkey operation demonstrates strong market performance in a prime lakefront location. PROPERTY PORTFOLIO: • The Lake House: 12-guest capacity with gourmet kitchen, in-ground pool, spa, and panoramic lake views • The Oasis & The Villa: Brand new luxury accommodations with marble finishes, hot tubs, and dramatic window walls • The Wheelhouse: Serene pond-side retreat featuring authentic waterwheel, spa-style ensuite, and rustic charm • The Showroom: Spectacular 7,700 sq ft event venue with soaring ceilings, catering kitchen, and Parisian-inspired bridal suite • 5 Pre-Drawn lots to build 5 more rentals on same property • 2 buildings + 2 containers with supplies and tools • 2024/2025 brand new equipment included: Mower, Bobcat, Segway, Polaris, 2Snowmobiles, Harris Pantoon Boat, and many more PREMIUM AMENITIES: 300 feet of sandy beachfront, boat access, multiple hot tubs, fire pits, outdoor living spaces, and comprehensive equipment including Bobcat, plow truck, boat, and snowmobiles. All furnishings and equipment included. GROWTH OPPORTUNITIES: Showroom is not used to the fullest as a personal storage currently, also Five additional buildable lots for expansion, plus untapped revenue streams including venue rentals for weddings and events, boat rentals, and snowmobile operations. Current conservative approach leaves significant upside potential. OPERATIONS: Year-round staff in place ensuring seamless transition. Owners relocating for new law firm venture. Property management training provided for 1-3 months post-sale. INVESTMENT HIGHLIGHTS: • Established 9-year operating history • Premium lakefront location with exclusive amenities • Multiple revenue streams with expansion potential • Complete turnkey operation with trained staff • $550,000 in FF&E and $350,000 inventory included • Real estate valued at $5,450,000 included in sale This rare offering combines luxury hospitality assets with proven revenue generation in one of New York's most desirable lakefront markets.

FOR SALE DETAILS

PRICE

$6,999,000 USD

PRICE/SF

$486 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Luxury Lakefront Short-Term Rentals + LOTS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Hotel, undefined

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

14.4 AC

LAND SF

627,264 SF

ZONING

-

APN/PARCEL ID

161-000-0001-006-000-0000,161-000-0001-007-001-0000

ASK ABOUT THIS PROPERTY

Ina JaceMountain ManorMore Info
321-512-9758

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

Ina JaceMountain ManorMore Info
321-512-9758

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