19 Walton Ave - Hospitality FOR SALE


White Plains, NY 10606
$10,670,000 USD
954-274-7990
19 Walton Ave, White Plains, NY for Sale
$10,670,000 USD
Hospitality - FOR SALE
1/10
null | 8.79% Cap Rate

19 Walton Ave
White Plains, NY 10606


HIGHLIGHTS

  • Great location, walking distance to train stations and buses
  • Close to shopping malls and businesses.
  • Nice and Cousy boutique hotel, ready to go making money from day one.

OVERVIEW

Great opportunity to get in this high-end market location, centrally located. Keep the current business structure as a boutique hotel, the projections and financial are very good. Today you get a CAP of 8.8% in the cash-to-cash approach. This is a gold mine with plenty of potential for expansion, Sale included a fully approved new development by the city of White Plains and the Westchester County. Great location, close to 3 main train stations, bus stops, walking distance to business, malls and shopping centers. Location is just perfect, and after the Empire casino in Yonkers received full gambling license, this area is going to explode with options and fun. Get the best location now! There is a possibility for a new tax abatement, a new solar array may increase profit while helping with electrical bills. Currently operated by a non-union hotel, no flag. Zoning is B-3 and sold by land value, the hotel is just a gift so you can continue operations until ready to break ground or just keep it as-is. The CAP return is good enough to make it work. And after that your imagination is the limit. Send me your information or call me to get the NDA moving. This is a deal your investors are not going to let go. A real cash cow.

FOR SALE DETAILS

PRICE

$10,670,000 USD

PRICE/SF

$468 USD /SF

# OF ROOMS

32

PRICE/ROOM

$333,438 {currency}

CAP RATE

8.79%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

441 Central Avenue, Motel Courtyard

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1957

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

B-3

APN/PARCEL ID

1700-125-072-00008-000-0001

ASK ABOUT THIS PROPERTY

Rodrigo VilchesUnited Realty Group IncMore Info
954-274-7990

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Rodrigo VilchesUnited Realty Group IncMore Info
954-274-7990

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