15054 State Highway 37 | Massena, NY 13662
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15054 State Highway 37
Massena, NY 13662
Hospitality Property For Sale
·
45 Rooms
INVESTMENT HIGHLIGHTS
- Combined 12% cap rate for 2020/2021 - revenues trending up in 2022
- The hotel is eligible for an upgrade franchise in 2022, Best Western, Red Roof Inn among the candidates
- Terrific area to live in and play in with the St Lawrence river, Canadian shopping and excellent colleges nearby
- 8.9 acres on route 37
- Excellent opportunity for an owner/ operator
- Also included is a fully equipped turn key restaurant, ideal for owner operator or can be leased ,
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 45 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1991/2018 |
| Lot Size | 8.90 AC | Parking Ratio | 3.1/1,000 SF |
| Building Size | 17,078 SF | Corridor | Interior |
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.90 AC |
| Building Size | 17,078 SF |
| No. Rooms | 45 |
| No. Stories | 2 |
| Year Built/Renovated | 1991/2018 |
| Parking Ratio | 3.1/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 45 | $104.00 | - |
PROPERTY TAXES
| Parcel Number | 405289-009-003-0003-009-000-0000 | Improvements Assessment | $954,200 |
| Land Assessment | $25,800 | Total Assessment | $980,000 |
PROPERTY TAXES
Parcel Number
405289-009-003-0003-009-000-0000
Land Assessment
$25,800
Improvements Assessment
$954,200
Total Assessment
$980,000
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