107 Adler Ave - Hospitality FOR SALE


Sharon Springs, NY 13459
$140,000 USD
315-395-1849
107 Adler Ave, Sharon Springs, NY for Sale
$140,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

107 Adler Ave
Sharon Springs, NY 13459


HIGHLIGHTS

  • 107 Adler Avenue is home to the historic Adler Hotel, a Sharon Springs landmark building ready for revitalization.
  • Sharon Springs has sulfur, magnesia, chalybeate and blue stone springs which make this area a popular spa destination.
  • The former hotel is built-out with 150 interior-courtyard guest rooms among five stories.
  • Some of the famous visitors to walk the halls of the Adler Hotel are the Vanderbilts, Rensselaers, and Oscar Wilde to name a few.

OVERVIEW

Discover the charm and potential of the Adler Hotel, a stunning piece of Sharon Springs history waiting to be revitalized. Built in 1927, this grand structure once served as a luxurious retreat for travelers visiting the renowned mineral springs that made the town famous. The Adler Hotel was one of the largest and most elegant accommodations in Sharon Springs during its heyday. It catered to visitors from all over the world, drawn by the area's healing waters and serene countryside. The Adler became a landmark of sophistication and leisure with its Art Deco-inspired architecture, spacious interiors, and commanding presence atop a hill overlooking the village. As the spa culture evolved and tourism trends shifted, the Adler fell into decline, but its legacy as a symbol of early 20th-century opulence remains intact. The hotel is situated on a sprawling lot that offers stunning views of the village and surrounding countryside. Its impressive facade and grand interior spaces evoke the glamour of a bygone era. While the building requires extensive updates and repairs, it retains many of its original architectural details, including: High ceilings and large windows fill the space with natural light. Elegant staircases and spacious common areas are perfect for restoration. Period-specific design elements that reflect its historic character. With over 61,000 square feet of space, the Adler provides endless possibilities for creative redevelopment, whether as a boutique hotel, event venue, apartment, or a combination of uses. This is a rare chance to own a piece of history and play a role in revitalizing Sharon Springs. Bring your vision and creativity to transform the Adler Hotel into a modern masterpiece that honors its storied past. The property is sold as-is. Interested buyers should be prepared to invest in significant restoration and renovations. Unlock the potential of this historic gem and be part of its next chapter.

FOR SALE DETAILS

PRICE

$140,000 USD

PRICE/SF

$2 USD /SF

# OF ROOMS

150

PRICE/ROOM

$933 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic Adler Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1929

PARKING SPACES

100

LAND DETAILS

LAND ACRES

4.38 AC

LAND SF

190,793 SF

ZONING

C

APN/PARCEL ID

434601-005-010-0002-001-000-0000

ASK ABOUT THIS PROPERTY

MaryJo WarnerHoward Hanna Real Estate ServicesMore Info
315-395-1849

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MaryJo WarnerHoward Hanna Real Estate ServicesMore Info
315-395-1849

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