498 Us Highway 20, Sharon Springs, NY 13459 - MLS #80908
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498 Us Highway 20
Sharon Springs, NY 13459
Sharon Springs, NY 13459
MLS #80908
$649,0007,500 Square Feet
1.5 Acres
Property Details
Profitable 17 unit motel located on highly visible US Highway 20. Close proximity to I-90 and I-88 with easy access to Cooperstown and Cobleskill attractions. This national chain motel has a very high average daily rate (ADR) due to seasonal tourism associated with the National Baseball Hall of Fame and Howe Caverns. No franchise fee due to grandfathered rights! A 7 Bedroom/ 2.5 Bath Victorian guest home on the property is included in the offer. Motel alone can be offered at $499,000 and partitioned before closing if necessary. Owner retiring after 14 years due to health related reasons.
- County Schoharie
- Property Type Commercial
- Property Subtype 1 Commercial
- Zoning Commercial
- Current Use Motel
- Possession Upon successful closing
Exterior Features
- Acres 1.5
- Lot Measurement Acres
- Lot Size Source (Tax Records)
- Lot Square Footage 65,340
- Construction Wood Siding
- Docks No
- Foundation Concrete Block,Poured Concrete,Stone
- Insulation Full
- Lot Dimensions 1.2 acres
- Out Building 2 Gazebos
- Over Head Doors No
- Roof Asphalt Shingle,Slate
- Parking Ample parking spaces
- RR Side No
Interior Features
- Bedrooms 13.00
- Full Bathrooms 9
- Half Bathrooms 1
- Square Footage 7,500
- Square Footage Source Estimated
- Sq Ft Above 1,500
- Sq Ft Below 6,000
- Basement Partial
- Elevator No
- Floors Carpet,Wood
Appliances & Utilites
- Electric 200 Amps
- Heat/Cool Types Hot Water Heat,Oil Heating,Propane Heating,Space Heater,Wall or Window AC
- Sewer Public Sewer System
- Water Public Water Supply
Financial Details
- Terms Cash
- Assesment 150000.00
- Tax Id 5.17-1-23
- Est. Gross Income 200000.00
- Est. Net Expense 0.00
- Escrow Account Key Bank Oneonta
- Inventory Beds, furniture, furnishings and Vending
- School Tax 3200.00
- Town/County Tax 2400.00
- Village/City Tax 1356.00
- Water/Sewer Fee 2700.00
- Lease Type Net
Map & Directions
Call listing agent for easy directions: 607-267 6169.
Map for 498 Us Highway 20, Sharon Springs, NY 1345942.790153-74.624775
Map locations are not exact and are meant to be an estimated reference only.
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