345 E Main St - Hospitality FOR SALE


Ilion, NY 13357
$1,350,000 USD
617-610-7774
345 E Main St, Ilion, NY for Sale
$1,350,000 USD
Hospitality - FOR SALE
1/14
null | 22% Cap Rate

345 E Main St
Ilion, NY 13357


HIGHLIGHTS

  • Easy to run motel with solid base of business, high cap rate and great potential!
  • Spacious Owners Apartment with 3 airy bedrooms, kitchen and living space
  • Fully Renovated Property! Ready to go! - New Everything!
  • Conveniently located off I-90 and near to Utica - travelers love it!
  • Fantastic Economy Brand - Motel 6 is universally respected!
  • Location is near shops, restaurants and commercial business!

OVERVIEW

This is an easy to run, fully renovated property that has a great franchise system and a host of repeat customers. There is a spacious 3- bedroom apartment for an Owner - Manager above the reception area to insure a smooth well run motel. Additionally, there is a huge vacant space on the first floor of this motel that had been used at one time as a banquet facility. As such, there's an opportunity to lease out this space or even add guestrooms at some point for additional revenue. Call now to schedule a tour so you don't miss out on this exciting opportunity to acquire this outstanding gem of a property with enormous upside potential at a very special price point!

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$100 USD /SF

# OF ROOMS

31

PRICE/ROOM

$43,548 {currency}

CAP RATE

22%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Ilion, NY

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1968

PARKING SPACES

88

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

97,901 SF

ZONING

B-1

APN/PARCEL ID

212801-120-046-0003-002-000-00

ASK ABOUT THIS PROPERTY

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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