* 17 unit
modern motel,some efficiencies and connecting
rooms.
Property is convinient walk to
diner,3 Restaurants,bar,2 groceries,3 gas stations,2 deli,bank,postoffice,coffee
shop,High School,Laundromat,barbershop,church and more...
* Conveniently located on USHWY,between 2 major Thruways, west of
Albany, near Cooperstown Home of Baseball Hall Of Fame
Museum,Farmers Museum,Glimmerglass Opera Otsego
Lake,Baseball field,Cobleskill ,SUNY State
University,Howecaverns, and many other points of
interest. Motel is located in a noted for its Sulphur
Springs and Baths.
*The area is also the base for a major WalMart
Distribution Center in less than 1 mile,which brings Business & Sales
travellers year round.
Currently Motel's Average Daily Rate is 40% lower than nearest comprable Accomodations.New owner Can increase Revenue substantialy By Rate increase and Adding Longer term Rental,which current owner is not doing.
This could be ideal for manager or semi retirement business for family operation with steady positive income.Motel has been well known since 60"s. This is next to 12 grade excellant school for family with children and very safe community.
Motel rooms were Remodeled in 1999 and There is ALL NEW ROOF & INSULATION IN NOVEMBER-2002-ALL PLUMBING ELECTRICAL AND FF&E IS UP TODATE and code.Town water and sewer.Dual Heat system. Low cost Operation ,Easy to maintain.
* This Leatherstocking Region attracts 2.5 million
visitors a year,the second busiest tourist attractions
in Newyork state.
*Owner may
Finance Part of it to qualified Buyer
Current owner
will train to newowner and help for smooth transition.
Reason For sale:Current Owner Is persuing for Bigger operation. Name Recognition,Reputation,Longevity,Profitability,Established Patronage,growth Capabilities,diversity,Location,Priced to sell>>>> All these Attributes Make this offering a sound investment for the Fortunate Party who acquires it. A HIGHLY SUCCESSFUL,WELL-ESTABLISHED MOTEL OF THIS CALIBER MANY YEARS IN MAKING AND AT THIS SELLING PRICE DOESNOT COME ALONG EVERYDAY !
**Optional Historical early 1800, 5 bedrooms house next to motel, 2 floors with full basement,3 living rooms. eat
in kitchen,2.5 baths,laundry room with All Around Mahogany Crown Molding with 3 enterance walk to K to 12 school across the road and shoping,bank,postoffice,barber and is very safe community(ideal to raise family) private driveway either for sale together or separately. this could be additional $ 60k income generator as a B & B & family resident.
*The House would make an ideal bed and breakfast for
additional income.
