Description

Brick & Mortar is pleased to exclusively represent the sale of The Colonial Motel in Kerhonkson, NY.​ This is the first sale of the property in nearly thirty years.​ 12.8% CAP rate, and a huge upside with development of the 93 acres and the Motel component for a variety of uses.​ Since 2024 the Motel portion of the property has had over one million dollars in upgrades.​ Route 209 is a very busy corridor in NY's Hudson Valley.​ The property has unlimited potential and sits on a 93.53 acre parcel of land.​ Potential to greatly expand the hotel into the surrounding property with Eco Cabins, year round Green Homes, or a combination of the two, and added development.​ Envision 40-50 Micro and Eco home/cabins on the property dotted into the woodland behind the motel.​ There is also the potential to develop the 83 acres behind the motel into year round residences.​ There is ample frontage on the Route 209 border of the property to create an access road to the upper tiers of the property.​ The upper tiers of the property consist of open fields and woodlands.​ Photos of the upper tiers of the property are available up on request. The motel, as operating, comprises 28 rooms, with 8 newly constructed suites and 9-12 additional rooms planned for renovation within existing structures.​ There are two older cottages on the property, and a turn of the century schoolhouse that await your architect.​ Parking for 36 cars with additional space to expand.​ The 1965 classically styled motel rooms sit to the right of the drive in and have a retro feel to them.​ There is also an 1800 schoolhouse next to the motel rooms that has many original details including high ceilings, pressed tin throughout, and even the original schoolhouse chalkboard.​ Great potential with this building to be repurposed as additional hotel rooms, a farm to table restaurant, or a clubhouse for the motel.​ Additionally, there is a renovated three bedroom, two full bathroom home, which has an office in the front for the motel.​ The home/office has a new roof, remodeled attic, finished basement and new laundry room.​ A new larger and expanded office has just been completed on the front of the building and there is a 14" x 14" deck that is about to begin construction.​ Seven buildings in total on the property.​ Multiple new garage and storage barns have also been added in the past year.​ There are two new septic systems at the motel complete with three new leach fields.​ Two new power lines bring in 400 amp electrical service.​ There is also a new dedicated fiber line for internet and cabe.​ The driveway has been repaved and expanded to double its former size and has new blacktop and walkways.​ Financials and additional information on the property are available upon request with a signed NDA and POF.​ Shown by appointment.​ ...
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