125 N Main St - Hospitality FOR SALE


Newark, NY 14513
$1,999,000 USD
716-208-9514
125 N Main St, Newark, NY for Sale
$1,999,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

125 N Main St
Newark, NY 14513


HIGHLIGHTS

  • Full service Hotel with 107 rooms, bar, restaurant and banquet facilities on site
  • Located along the Erie Canal with water access
  • Plans in place for flag to Wyndham Garden Inn - studies available for review
  • Longtime history as a successful hotel
  • Parking for approx. 200 (Newly re-paved)
  • Owner open to all offers

OVERVIEW

Full service Hotel with 107 rooms. Bar, restaurant and banquet facilities on site. Located along the Erie Canal with water access. Plans in place for flag to Wyndham Garden Inn - studies available for review. Longtime history as a successful hotel. Parking for approx. 200 (Newly re-paved). Parcel is 2.77 acres. Limitless potential as a hotel and/or possible site for redevelopment. Located in the Village of Newark, the largest municipality in Wayne County. Part of the Finger Lakes Region of NY. Price reduced to $1,999,000 - owner open to all offers. Property drone video: https://youtu.be/uMSUa_CLRrM Property video: https://youtu.be/Ig7EavMvVgY

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$30 USD /SF

# OF ROOMS

107

PRICE/ROOM

$18,682 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newark Garden Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1978

PARKING SPACES

200

LAND DETAILS

LAND ACRES

2.77 AC

LAND SF

120,661 SF

ZONING

CON

APN/PARCEL ID

542001-068-111-0018-325-128-0000

ASK ABOUT THIS PROPERTY

David DoerrHanna Commercial Real EstateMore Info
716-208-9514

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David DoerrHanna Commercial Real EstateMore Info
716-208-9514

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