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5107 Langford Rd - Marienthal Country Inn 9,000 SF Specialty Building Offered at $950,000 at a 19.74% Cap Rate in North Collins, NY 14111
INVESTMENT HIGHLIGHTS
- 4 Structures totaling 9,000sqft
- Event Center & Airbnb
- Commercial Kitchen
EXECUTIVE SUMMARY
The options are endless for the most fickle visionary! Could generate a 15% CAP or more. Turn key business (Marienthal Country Inn) and 4 structures to include gorgeous event center (church), single family house (Airbnb or group rental), Airbnb two family house (bed & breakfast), and garage. The buildings and mechanical systems (from electric, to septic) have all been modernized since 2007. Large commercial kitchen in the main event center and cafe. Lovely outdoor patio area with fireplace. Two out door pergolas. Square footage includes 3 operating buildings: Event Center (old church 3500sq ft) w/commercial kitchen, cafe, upper relaxation room and 2 B&B's; the brick group rental bldg (3,000 sq ft) has 5 bedrooms/3 baths/lounge area with each bedroom having sinks. The other B&B has 2,500 sq ft of space with an apartment (1 bedroom, 1&1/2 bath) and 3 B&B room rentals (3 bedrooms/3 baths) with its own separate entrance. Events have included weddings, bridal and baby showers, corporate retreats, Bills parties, pop-up dinners, scrapbook events, weekend getaways, and more. This sale includes all chattels, furniture, art, fixtures and equipment to operate the business. Advertised business revenue is based on a proforma at 50% occupancy and a minimum of 13 weddings per year. Revenue could be close to or above $300k with the correct advertising, marketing, and SEO. This property was vetted by Bank of Holland and approved based on proforma numbers contingent on a qualified buyer.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$231,796
|
$25.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$231,796
|
$25.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$70,000
|
$7.78
|
| Net Operating Income |
$161,796
|
$17.98
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $231,796 |
| Annual Per SF | $25.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $231,796 |
| Annual Per SF | $25.76 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $70,000 |
| Annual Per SF | $7.78 |
| Net Operating Income | |
|---|---|
| Annual | $161,796 |
| Annual Per SF | $17.98 |
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 145889-272-000-0002-031-200 | Improvements Assessment | $173,000 (2024) |
| Land Assessment | $12,000 (2024) | Total Assessment | $185,000 (2024) |
PROPERTY TAXES
Parcel Number
145889-272-000-0002-031-200
Land Assessment
$12,000 (2024)
Improvements Assessment
$173,000 (2024)
Total Assessment
$185,000 (2024)
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5107 Langford Rd - Marienthal Country Inn
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