212 Buffalo St - Hospitality FOR SALE


Gowanda, NY 14070
$895,000 USD
716-880-4815
212 Buffalo St, Gowanda, NY for Sale
$895,000 USD
Hospitality - FOR SALE
1/18
null | 10% Cap Rate

212 Buffalo St
Gowanda, NY 14070


HIGHLIGHTS

  • Well established and maintained 16-room motel, with bar and separate residence
  • Turnkey operation
  • 175 feet of frontage on Buffalo Street (Route 438)
  • Located in the charming Gowanda Village Historic District with popular cultural events, festivals and entertainment
  • On snowmobile trail, and close to hunting, Zoar Valley hiking trails and waterfalls
  • Two minutes to Seneca Nation Cattaraugus Territory

OVERVIEW

Well established and maintained 16-room motel, with bar and separate residence. Turnkey operation. 175 feet of frontage on Buffalo Street (Route 438). Located in the charming Gowanda Village Historic District with popular cultural events, festivals and entertainment. On snowmobile trail, and close to hunting, Zoar Valley hiking trails and waterfalls. Two minutes to Seneca Nation Cattaraugus Territory. Proximate to Holiday Valley & Kissing Bridge ski resorts and Highmark Stadium, home of the Buffalo Bills. The nearest lodging option within 17 miles. Full, dry basement with voluminous storage capacity. Walk-in cooler, freezer and commercial laundry. Seller may hold mortgage for a qualified buyer. Excellent opportunity for growth. 10% cap rate. Average daily traffic count: 9,942 vehicles.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$91 USD /SF

# OF ROOMS

16

PRICE/ROOM

$55,938 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Gardens Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

143601-349-150-0001-021-000

ASK ABOUT THIS PROPERTY

Paula BlanchardHanna Commercial Real EstateMore Info
716-880-4815

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

Paula BlanchardHanna Commercial Real EstateMore Info
716-880-4815

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