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Historic Adler Hotel 107 Adler Ave 150 Room Hotel Sharon Springs, NY 13459 $140,000 ($933/Room)
INVESTMENT HIGHLIGHTS
- 107 Adler Avenue is home to the historic Adler Hotel, a Sharon Springs landmark building ready for revitalization.
- The former hotel is built-out with 150 interior-courtyard guest rooms among five stories.
- Sharon Springs has sulfur, magnesia, chalybeate and blue stone springs which make this area a popular spa destination.
- Some of the famous visitors to walk the halls of the Adler Hotel are the Vanderbilts, Rensselaers, and Oscar Wilde to name a few.
EXECUTIVE SUMMARY
Discover the charm and potential of the Adler Hotel, a stunning piece of Sharon Springs history waiting to be revitalized. Built in 1927, this grand structure once served as a luxurious retreat for travelers visiting the renowned mineral springs that made the town famous.
The Adler Hotel was one of the largest and most elegant accommodations in Sharon Springs during its heyday. It catered to visitors from all over the world, drawn by the area's healing waters and serene countryside. The Adler became a landmark of sophistication and leisure with its Art Deco-inspired architecture, spacious interiors, and commanding presence atop a hill overlooking the village.
As the spa culture evolved and tourism trends shifted, the Adler fell into decline, but its legacy as a symbol of early 20th-century opulence remains intact.
The hotel is situated on a sprawling lot that offers stunning views of the village and surrounding countryside. Its impressive facade and grand interior spaces evoke the glamour of a bygone era. While the building requires extensive updates and repairs, it retains many of its original architectural details, including:
High ceilings and large windows fill the space with natural light. Elegant staircases and spacious common areas are perfect for restoration. Period-specific design elements that reflect its historic character. With over 61,000 square feet of space, the Adler provides endless possibilities for creative redevelopment, whether as a boutique hotel, event venue, apartment, or a combination of uses.
This is a rare chance to own a piece of history and play a role in revitalizing Sharon Springs. Bring your vision and creativity to transform the Adler Hotel into a modern masterpiece that honors its storied past.
The property is sold as-is. Interested buyers should be prepared to invest in significant restoration and renovations.
Unlock the potential of this historic gem and be part of its next chapter.
The Adler Hotel was one of the largest and most elegant accommodations in Sharon Springs during its heyday. It catered to visitors from all over the world, drawn by the area's healing waters and serene countryside. The Adler became a landmark of sophistication and leisure with its Art Deco-inspired architecture, spacious interiors, and commanding presence atop a hill overlooking the village.
As the spa culture evolved and tourism trends shifted, the Adler fell into decline, but its legacy as a symbol of early 20th-century opulence remains intact.
The hotel is situated on a sprawling lot that offers stunning views of the village and surrounding countryside. Its impressive facade and grand interior spaces evoke the glamour of a bygone era. While the building requires extensive updates and repairs, it retains many of its original architectural details, including:
High ceilings and large windows fill the space with natural light. Elegant staircases and spacious common areas are perfect for restoration. Period-specific design elements that reflect its historic character. With over 61,000 square feet of space, the Adler provides endless possibilities for creative redevelopment, whether as a boutique hotel, event venue, apartment, or a combination of uses.
This is a rare chance to own a piece of history and play a role in revitalizing Sharon Springs. Bring your vision and creativity to transform the Adler Hotel into a modern masterpiece that honors its storied past.
The property is sold as-is. Interested buyers should be prepared to invest in significant restoration and renovations.
Unlock the potential of this historic gem and be part of its next chapter.
PROPERTY FACTS
| Price | $140,000 | Building Size | 61,102 SF |
| Price Per Room | $933 | No. Rooms | 150 |
| Sale Type | Investment | No. Stories | 5 |
| Sale Condition | Deferred Maintenance | Year Built | 1929 |
| Property Type | Hospitality | Parking Ratio | 1.64/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 4.38 AC | ||
| Zoning | C - Commercial | ||
| Price | $140,000 |
| Price Per Room | $933 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.38 AC |
| Building Size | 61,102 SF |
| No. Rooms | 150 |
| No. Stories | 5 |
| Year Built | 1929 |
| Parking Ratio | 1.64/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 150 | $100.00 | - |
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PROPERTY TAXES
| Parcel Number | 434601-005-010-0002-001-000-0000 | Improvements Assessment | $24,800 |
| Land Assessment | $40,200 | Total Assessment | $65,000 |
PROPERTY TAXES
Parcel Number
434601-005-010-0002-001-000-0000
Land Assessment
$40,200
Improvements Assessment
$24,800
Total Assessment
$65,000
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Historic Adler Hotel | 107 Adler Ave
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