451 Washington Avenue Ext - Hospitality FOR SALE


Saugerties, NY 12477
$1,200,000 USD
845-389-7895
451 Washington Avenue Ext, Saugerties, NY for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/25
null | 13.93% Cap Rate

451 Washington Avenue Ext
Saugerties, NY 12477


OVERVIEW

The hotel is just off the Village and surrounded by Horse Show property (HITS) and other Village activities. The Hotel is less than a half mile from the Village Center, boasting many shops, restaurants, theaters, and the waterfront. The 27-unit building, with a 1-bedroom manager's apartment, has 28 total units. The 10,000+ square foot building is divided into four suites, each featuring its own full kitchen, dining area, living room, and 6-7 bedrooms, all with their own full bathrooms. This property can lend itself to a hotel, Inn, Senior Residence, or SRO rentals, and the current occupied tenant uses include Emergency Housing. The building has been updated with all new HVAC (heat and AC), high-efficiency propane units, and many other improvements. The building is currently leased to a Master Tenant paying 10,000 a month NNN and a gross income of +/- 75,000 a month. Please see the attached information in the associated documents for County Records, CO, and Floor Plans. The property is located approximately 1/2 mile from the Saugerties Village center. It is surrounded by, or close to, Horse Show properties, Cantine Sports Complex, an indoor Ice Arena, Mini-golf, Go-Karts, and a Skate Park. Excellent location for Airbnb, hotel, or straight rentals. The building is fully furnished, with a comprehensive laundry facility featuring over five coin-operated washers and dryers. List agent is part owner.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$118 USD /SF

# OF ROOMS

4

PRICE/ROOM

$300,000 {currency}

CAP RATE

13.93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Greens Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

46

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

02

APN/PARCEL ID

4889-018.001-0003-057.200-0000

ASK ABOUT THIS PROPERTY

Greg BerardiBerardi RealtyMore Info
845-389-7895

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Greg BerardiBerardi RealtyMore Info
845-389-7895

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