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The Jefferson Inn 3 Jefferson St 9 Room Bed and Breakfast Ellicottville, NY 14731 $999,000 ($111,000/Room)
INVESTMENT HIGHLIGHTS
- VINTAGE VICTORIAN IN THE HEART OF DOWNTOWN ELLICOTTVILLE!
EXECUTIVE SUMMARY
AFTER 19 YEARS, THE CURRENT OWNER IS RETIRING AND PLACING THIS VILLAGE BED AND BREAKFAST FOR SALE. CURRENTLY, THERE ARE FIVE RENTAL ROOMS WITH ENSUITE BATHROOMS, TWO EFFICIENCY APARTMENTS, THE OWNER'S QUARTERS, PLUS A THIRD FLOOR APARTMENT, WHICH COULD BE A CARETAKER SUITE. THE ENTRY LEVEL COULD ALSO HAVE A HANDICAP ACCESSIBLE BEDROOM AND BATH. THE DINING ROOM IS SET UP WITH A LARGE FAMILY-STYLE TABLE, PLUS SMALLER, MORE INTIMATE TABLES AND CHAIRS. THE LIVING ROOM BOASTS A FIREPLACE AND BAR AREA. THE KITCHEN OFFERS A CENTER ISLAND, PLUS OFFICE WORK SPACE. THE OWNER'S ONE BEDROOM, ONE BATH APARTMENT WITH A SEPARATE ENTRANCE IS AROUND THE CORNER FROM THE KITCHEN. THE TWO EFFICIENCIES ARE PET FRIENDLY UNITS. THE THIRD FLOOR QUARTERS HAVE ONLY BEEN OCCUPIED BY FAMILY AND FRIENDS. THE WRAP AROUND FRONT PORCH IS THE IDEAL PLACE TO RELAX IN THE ROCKING CHAIRS TO ENJOY AN AFTERNOON TEA OR HAPPY HOUR. THE SIDING, PORCH, ROOF, HOT WATER TANKS, DISHWASHER HAVE BEEN REPLACED. THE SECOND FLOOR PROVIDES CENTRAL AIR CONDITIONING. OWN A PART OF ELLICOTTVILLE'S HISTORY!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $999,000 | Building Size | 4,608 SF |
| Price Per Room | $111,000 | No. Rooms | 9 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1835/2006 |
| Property Subtype | Bed and Breakfast | Parking Ratio | 0.65/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.25 AC | ||
| Zoning | COMMERCIAL | ||
| Price | $999,000 |
| Price Per Room | $111,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 4,608 SF |
| No. Rooms | 9 |
| No. Stories | 3 |
| Year Built/Renovated | 1835/2006 |
| Parking Ratio | 0.65/1,000 SF |
| Corridor | Interior |
| Zoning | COMMERCIAL |
AMENITIES
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $194.00 | - |
| Guest Room | 7 | $143.00 | - |
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PROPERTY TAXES
| Parcel Number | 043601-055-035-0003-012-000-0000 | Total Assessment | $600,000 |
| Land Assessment | $33,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $566,500 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
043601-055-035-0003-012-000-0000
Land Assessment
$33,500
Improvements Assessment
$566,500
Total Assessment
$600,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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VIDEOS
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Presented by
Keller Williams Realty - Ellicottville Branch
The Jefferson Inn | 3 Jefferson St
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