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Raintree Motel 972 S Route 9W 20 Room Hotel Congers, NY 10920 $2,500,000 ($125,000/Room) 8.29% Cap Rate
INVESTMENT HIGHLIGHTS
- 250 SF of frontage on 9W!
- Located between Congress Lake, Swartwout Lake, and Rockland Lake
- 12 Minute walk to the Rockefeller Lookout
EXECUTIVE SUMMARY
Location! Attention All Investors, Developers, Hotel Owners, Franchise Owners, & End-Users!!! This could be your next development site/next home/your business and offers endless possibilities for additional revenue! This 2-story solid concrete building consists of 20 spacious rooms. New top roof in 2020 and a new boiler was recently installed plus new low-flush bathrooms. Every room features a bed, table, couch, large bathroom, A/C unit and more. There are 15 security cameras on the property! The owner has the advantage of watching everything from office/home. Every room has Wi-Fi and an internet connection. Amazing location, motel is across the Rockland Lake State Park. Close to Palisades highway, Nyack and Helen Hayes hospital, Palisades shopping mall and more... It is ready to be sold! There are endless possibilities for additional revenue here in Congers NY make this your next investment!
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 20 | $52.00 | - |
PROPERTY TAXES
| Parcel Number | 392089-044-020-0004-003-000-0000 | Improvements Assessment | $156,100 |
| Land Assessment | $43,900 | Total Assessment | $200,000 |
PROPERTY TAXES
Parcel Number
392089-044-020-0004-003-000-0000
Land Assessment
$43,900
Improvements Assessment
$156,100
Total Assessment
$200,000
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Presented by
Blue Sky Realty
Raintree Motel | 972 S Route 9W
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