1 Lakeview Ave - Hospitality FOR SALE


Watkins Glen, NY 14891
$2,750,000 USD
607-703-3309
1 Lakeview Ave, Watkins Glen, NY for Sale
$2,750,000 USD
Hospitality - FOR SALE
1/19
null | 8.03% Cap Rate

1 Lakeview Ave
Watkins Glen, NY 14891


OVERVIEW

Nestled in the heart of the Finger Lakes Wine Country, Idlwilde Inn offers a rare opportunity to own a piece of history in the charming village of Watkins Glen. This majestic 18-room Victorian mansion, built in 1892, exudes timeless elegance and has been meticulously restored to capture its original grandeur. Boasting 3 acres of beautifully landscaped gardens with stunning views of Seneca Lake, the Inn provides a serene retreat for guests seeking a peaceful getaway. The property features a variety of well-appointed guest rooms, a grand parlor, a formal dining room, and spacious porches perfect for relaxing and taking in the picturesque surroundings. Ideally located just minutes from Watkins Glen State Park, the world-famous Watkins Glen International Raceway, and dozens of local wineries and breweries, Idlwilde Inn is an established and highly-rated destination for travelers. This turn-key bed-and-breakfast business presents an incredible opportunity for investors or hospitality entrepreneurs looking to capitalize on the thriving Finger Lakes tourism industry. Whether you're drawn to the historic charm, the idyllic location, or the strong revenue potential, Idlwilde Inn is a rare gem awaiting its next chapter. Note: Property must be purchased with additional 4 parcels totaling 2 acres being sold at $500,000 for each lot.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$286 USD /SF

# OF ROOMS

15

PRICE/ROOM

$183,333 {currency}

CAP RATE

8.03%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Idlwilde Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1892

PARKING SPACES

14

LAND DETAILS

LAND ACRES

2.59 AC

LAND SF

112,820 SF

ZONING

NA

APN/PARCEL ID

442401 65.13-8-6

ASK ABOUT THIS PROPERTY

Dino MonteverdeSarhan Hotel GroupMore Info
607-703-3309

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Dino MonteverdeSarhan Hotel GroupMore Info
607-703-3309

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