Vacant Hotel 574 NY-32A Rt 17 Room Hotel Palenville, NY 12463 $600,000 ($35,294/Room)

This 5.75 acre property is made up of three contiguous parcels along the picturesque Kaaterskill Creek near the commercial district of Palenville, NY. Its greatest value is that it is located on Route 32A which is the direct route winter sports enthusiasts take to the ski resorts of Windham, Hunter and Belleayre, just 15 minutes away! All three lots are being sold together. On the first parcel with several hundred feet of valuable frontage along Route 32A, there is a 1946 hotel which needs to be replaced with a new structure, maybe a ski shop or bakery!. The second parcel has an existing 3 bedroom cabin and the large open area in front with a filled in swimming pool. The third parcel has 11 guest cabins in varying conditions circling around a large open area. The property has not been occupied in many years and is in need of extensive renovations. As part of your redevelopment plan, and with the necessary approvals, you can join the boutique motel revolution happening in New York's Hudson Valley or create a rental community. Palenvillas! In addition to a beautiful natural swimming hole for guests, It is also close to dining and other area amenities, as well as the HITS Horse Show Grounds. Guests will have a short drive to Catskill, Saugerties, and further on to Woodstock and Kingston. The opportunity to develop this fantastic waterfront property with Route 32A road frontage should not be missed! Call me to arrange for a tour.