4853 W Henrietta Rd - Hospitality FOR SALE


Henrietta, NY 14467
$3,400,000 USD
520-664-4091
4853 W Henrietta Rd, Henrietta, NY for Sale
$3,400,000 USD
Hospitality - FOR SALE
1/48
null | Request Cap Rate

4853 W Henrietta Rd
Henrietta, NY 14467


HIGHLIGHTS

  • Prime location right off I-390 and I-90 in Henrietta, New York which sees over 39,000 vehicles per day.
  • Excellent value-add opportunity for a savvy investor looking to restructure management.
  • Potential for redevelopment into multi-family as the property has been well kept and in an ideal area.
  • Ten miles to Rochester which is home to demand drivers including Lake Ontario, the University of Rochester, SUNY Brockport, and many more.
  • Over $6,000 a month generated in income from the restaurant which is lease out
  • Priced at Approximately $30,000 / Key

OVERVIEW

NewGen Advisory is proud to announce the sale of the Days Inn Henrietta/Rochester area. The hotel features 111 guest rooms and sits on an impressive 6.15 acres. Additional special features include notable signage, a coin-operated washer/dryer, ample parking, and a plethora of outdoor space for guests to enjoy. There is also a sizable restaurant/bar area situated in the hotel as well in which generates over $6,000 a month in steady income. The Days Inn Henrietta presents investors, owners, and developers with several enticing opportunities for this property. The property can continue to be run as-is with the completion of a new PIP to increase revenues. Alternatively, a new owner could come in and restructure management to yield a higher net operating income. Henrietta presents a small, but excellent hotel market for investors. The property also has the potential to be converted into multi-family. Presently, there are no multifamily properties underway in the area making it the perfect opportunity for a developer to encroach on an untapped market. Multifamily properties in this market perform very well and rents have increased by 7.5% over the past year.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$65 USD /SF

# OF ROOMS

111

PRICE/ROOM

$30,631 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn Henrietta Rochester Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

250

LAND DETAILS

LAND ACRES

6.15 AC

LAND SF

267,894 SF

ZONING

5

APN/PARCEL ID

263200-175-030-0001-007-110

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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