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O'Brien's Inn Hotel & Restaurant 33 County Road 60 24 Room Hotel Waverly, NY 14892 $180,000 ($7,500/Room)
Investment Highlights
- Historic hospitality property established in 1918 with a full-service restaurant, lounge, and 24 guest rooms.
- Convenient access to I-86 at Exit 60, serving as a gateway to the Finger Lakes region.
- Positioned near Waverly and Sayre, with regional draw from Elmira and Binghamton.
- Situated on 14.27 acres with panoramic views of the Chemung River Valley.
- Includes large dining areas, bar, and event space suitable for weddings, banquets, and gatherings.
- Scenic setting ideal for redevelopment into a boutique inn or destination venue.
Executive Summary
O’Brien’s Inn presents a rare opportunity to acquire a historic hospitality property in the Southern Tier of New York. Originally established in 1918, this landmark asset has evolved from a modest hot dog stand into a full-service destination featuring a restaurant, lounge, and 24 guest rooms. The property spans over 14 acres atop the rolling hills of Chemung County, offering sweeping views of the Chemung River Valley and a serene setting that attracts both leisure travelers and event guests.
The three-story building includes a spacious dining area, bar, and event space, complemented by a large paved parking lot. Its location just off I-86 at Exit 60 ensures excellent regional connectivity, with easy access to the Finger Lakes region, a renowned destination for wineries, outdoor recreation, and tourism. The property’s proximity to Waverly, Sayre, and Elmira enhances its appeal for both overnight stays and dining traffic.
With its rich history, scenic vistas, and strategic location, O’Brien’s Inn offers significant potential for repositioning as a boutique inn, event venue, or culinary destination. This is an exceptional chance to own a piece of New York’s hospitality heritage at an attractive price point.
The three-story building includes a spacious dining area, bar, and event space, complemented by a large paved parking lot. Its location just off I-86 at Exit 60 ensures excellent regional connectivity, with easy access to the Finger Lakes region, a renowned destination for wineries, outdoor recreation, and tourism. The property’s proximity to Waverly, Sayre, and Elmira enhances its appeal for both overnight stays and dining traffic.
With its rich history, scenic vistas, and strategic location, O’Brien’s Inn offers significant potential for repositioning as a boutique inn, event venue, or culinary destination. This is an exceptional chance to own a piece of New York’s hospitality heritage at an attractive price point.
Property Facts
| Price | $180,000 | Lot Size | 14.27 AC |
| Price Per Room | $7,500 | Building Size | 14,008 SF |
| Sale Type | Investment | No. Rooms | 24 |
| Sale Condition | Deferred Maintenance | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1918/1946 |
| Property Subtype | Hotel | Parking Ratio | 3.56/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Zoning | 05 - Acreage and assesments are for all 4 parcels 135.00-1-9,135.00-1-6.111, 135.00-1-3.31, 135.00-1-26 | ||
| Price | $180,000 |
| Price Per Room | $7,500 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 14.27 AC |
| Building Size | 14,008 SF |
| No. Rooms | 24 |
| No. Stories | 3 |
| Year Built/Renovated | 1918/1946 |
| Parking Ratio | 3.56/1,000 SF |
| Corridor | Exterior |
| Zoning | 05 - Acreage and assesments are for all 4 parcels 135.00-1-9,135.00-1-6.111, 135.00-1-3.31, 135.00-1-26 |
Amenities
- Restaurant
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $125.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 072800-135-000-0001-009-000-0000 | Improvements Assessment | $167,100 |
| Land Assessment | $32,900 | Total Assessment | $200,000 |
Property Taxes
Parcel Number
072800-135-000-0001-009-000-0000
Land Assessment
$32,900
Improvements Assessment
$167,100
Total Assessment
$200,000
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Presented by
Mullen Real Estate
O'Brien's Inn Hotel & Restaurant | 33 County Road 60
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