Bought with Knicklas Emden • Gateway Realty Solutions
$700,000
$800,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
1,006 Sqft Lot
SOLD DATE : 01/11/2024
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 202321306
Sold Date 01/11/24
HOA Y/N No
Originating Board Global MLS
Year Built 1980
Annual Tax Amount $19,164
Lot Size 1,006 Sqft
Acres 3.8
Property Sub-Type Hotel-Motel
Property Description
Welcome to 93 E Grandt St Motel in Palatine Bridge, NY - Your Opportunity for a Profitable Investment!
This thriving motel presents an exceptional chance to own a well-established hospitality business in the picturesque town of Palatine Bridge, overlooking the stunning Mohawk Valley. Boasting 32 charming rooms, this property has consistently proven its profitability, netting an impressive $180,000 annually.
With its prime location and positive cash flow, the 93 E Grandt St Motel offers a secure and rewarding investment opportunity. Guests are enchanted by the breathtaking views of the Mohawk Valley, making their stay a memorable experience and ensuring a steady stream of patrons year-round.
Key Features:
32 Inviting Rooms: Well-maintained and designed for comfort, offerin
Location
State NY
County Montgomery
Zoning Commercial
Direction Right off Rt 5
Interior
Heating Baseboard
Flooring Linoleum
Exterior
Parking Features Paved
Waterfront Description River Front
Roof Type Shingle
Porch Deck, Patio
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Canajoharie
Others
Tax ID 273403 63.11-1-10
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition In Foreclosure
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