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Browse More Listings in Hotel & Motel For Sale, Cooperstown, NY or New York

Hotel / Motel - Off Market

Terrace Motor Inn

6439 St Hwy 80, Cooperstown, NY 13326

Price:
N/A
No. Rooms:
15
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Vacant/Owner-User
Commission Split:
2%
Average Daily Rate:
$150
Lot Size:
7.40 AC

Last Verified 3/10/2008 Listing ID 15508004

Description

Re-devolpment opportunities abound:

Franchise Hotel, Boutique Hotel, Seasonal or year-round Resort, add a restaurant, build a small boat marina and offer tours and rentals, build luxury rental condos, expand the existing hotel operations, subdivide, establish a Scout Camp, convert to a high end Bed & Breakfast.......

Zoned commercial, with a Land Conservancy on most of property across the Lake, this investment is ripe for re-development. Cooperstown has only a few Flagged Hotels and they enjoy high occupancy. North of town where the Terrace Inn is located there are no Franchised hotels.

$12,458.00 per room for 120 rooms land cost if a Franchise Hotel option is pursued. This is less than the 2007 average cost as quoted in HVS survey for any scale hotel.

Cooperstown, New York, Home of the Baseball Hall of Fame. Tourist destination with, hunting, fishing, camping, golf and horseback riding opportunities.

Map of 6439 St Hwy 80, Cooperstown, NY 13326 (Otsego County)

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Created 1/10/2008

Additional Information for 6439 State Highway 80, Cooperstown, NY 13326

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Terrace Motor Inn

6439 St Hwy 80, Cooperstown, NY, 13326