Status: active

6812 US-209, #MOTEL

Kerhonkson

$2,995,000 / $355PSF
 |  25 Beds  |  25 Baths  |  8,425SF

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.  9.9% CAP rate, and a huge upside with development of the Motel and property.  US 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.  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.  An access road at the rear of the property could accommodate a development.      The hotel, as operating, is comprised of 22 rooms, with the potential to add 14 additional rooms within existing structures.  There are two older cottages on the property, and a turn of the century schoolhouse that await your architect.  Parking for 26 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 a turn ...
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Property Details

  • Commercial
  • Cats/Small Dogs OK
  • Central A/C
  • Concierge Full Time
  • Garden
  • None
  • Outdoor Space

Transportation

The Neighborhood

KERHONKSON
Kerhonkson

For information on 6812 US-209, #MOTEL contact:

realtor top real estate agent

Jason Larusso

Licensed RE Salesperson

646-373-1666

Licensed RE Salesperson
jason@brickandmortar.com
646-373-1666

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