217 Main Street, Saugerties

$2,500,000

0 Beds
0 Baths
8,912 Sqft
.14 Acres
0 Garages

Boutique style Hotel with restaurant is located in Village of Saugerties just off NYS Thruway Exit 20 and about 100 miles from NYC. Property offers 17 hotel rooms, 1 two bedroom apartment, 1 store-front rental ($950 a month) and a thriving restaurant and bar business. Three of the hotel rooms are renovated, one with a full bath in the room, the other two renovated rooms have shared baths in the hall, the other 14 rooms need renovation and are not in rentable condition. Restaurant and bar is owner operated, the business is included in the sale. Saugerties is know for its thriving Horse Shows in the Summer season, know as HITS (HITS-on-the-Hudson) it is a nationwide company with world-class hunter/jumper circuits in 5 states. The Village is flooded with with out of town guests during the Summer and early Fall participating and watching the events. The hotel has tremendous growth potential, the 14 remaining rooms need renovation but well worth the investment, there is only one other hotel in the Village and lodging is very hard to find.

Essential Information
MLS® #20193009
Price$2,500,000
Square Footage8,912
Acres0.14
Year Built1817
TypeCommercial/Industrial
Sub-TypeHotel/Motel
StatusACTIVE
Community Information
Address217 Main Street
AreaSaugerties-vlg
CitySaugerties
CountyUlster County
StateNY
Zip Code12447
Features

DISPLAY WINDOW, KITCHEN FACILITES, LAUNDRY ROOM, PATIO/DECKS, PRIVATE RESTROOMS, PUBLIC BATHROOMS, SIGNS OWNED, SMOKE DETECTORS, STORAGE AREA, OTHER

Parking

DRIVEWAY, DRIVEWAY-SHARED, LOT, LOT-PAVED, OFF STREET, Parking spaces 1-5

Interior
HeatingBASEBOARD, HOT WATER
CoolingCEILING FAN, WALL UNIT, OTHER
Exterior
ConstructionFRAME/STICK, MASONRY
Lot Description

CORNER LOT, LEVEL, PARKING LOT, OTHER/SEE REMARKS

School Information
DistrictSAUGERTIESCENTR
Additional Information
ZoningCOM
Listing Details
AgentGregory Berardi
OfficeWin Morrison Realty
LISTING MAP

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