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Potsdam Inn 7518 US Hwy 11 16 Room Hotel Potsdam, NY 13676 $949,000 ($59,313/Room) 11% Cap Rate
INVESTMENT HIGHLIGHTS
- Walking distance to Walmart , Aldi.
- SUNY Potsdam approx 2 miles
- Clarkson university 1.2 Miles
EXECUTIVE SUMMARY
Managers Apartment includes 3 Bathroom, 4 Bedroom , Living Room, Kitchen , Dining Area, Laundry
Owner requires 40% down payment proof of fund statement to pursue the conversation.
Owner requires 40% down payment proof of fund statement to pursue the conversation.
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $949,000 | Lot Size | 23.18 AC |
| Price Per Room | $59,313 | Building Size | 7,363 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Cap Rate | 11% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1960 |
| Property Type | Hospitality | Parking Ratio | 2.99/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | 01 - This is 20 acres land and can be used to extend the building or lease the land for other business. | ||
| Price | $949,000 |
| Price Per Room | $59,313 |
| Sale Type | Investment |
| Cap Rate | 11% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 23.18 AC |
| Building Size | 7,363 SF |
| No. Rooms | 16 |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.99/1,000 SF |
| Corridor | Exterior |
| Zoning | 01 - This is 20 acres land and can be used to extend the building or lease the land for other business. |
AMENITIES
- High Speed Internet Access
ABOUT 7518 US HWY 11 , POTSDAM, NY 13676
1. Great Owner/Operator based property. 2. Steady income and potential for growth 3. Growth opportunity for new ideas as there is a huge land . 4. Huge owner apartment and steady busisness.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 16 | $81.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 407489-064-003-0002-020-000-0000 | Total Assessment | $485,000 (2024) |
| Land Assessment | $134,200 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $350,800 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
407489-064-003-0002-020-000-0000
Land Assessment
$134,200 (2024)
Improvements Assessment
$350,800 (2024)
Total Assessment
$485,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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Potsdam Inn | 7518 US Hwy 11
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