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POWERED BY PURLIN.AI

125 N Main St

arcadia, NY 14513

$1,500,000

    INTERESTED? LET'S CONNECT

    Priced to sell: In Newark Village, 107 room hotel available adjacent to the Erie Canal, situated on 2.77 acres. Currently closed but could be reopened immediately. Hotel has approximately 57 rooms that are ready to be rented with the remaining needing minor renovation. Recent roof installed, guaranteed for 5 years. There is a 184 car parking lot in great shape. Hotel offers a spacious banquet room and event room, perfect for weddings, conferences and community gatherings. There is also an in ground, inside pool and hot tub area positioned inside the courtyard area with bottom floor rooms opening up to this space. This central location is walkable to local shops, dining and recreation areas along the Erie Canal. This property is poised for continued profitability and potential restructuring under a national or boutique flag. Situated in the Finger Lakes area, this hotel offers solid cash flow potential with upside for redevelopment or brand affiliation. Hotel qualifies for possible redevelopment opportunities through NYS development Finger Lakes region and Wayne Counties. Partial owner financing may be possible with qualified buyer. Possible pilot program available. Possible financing available from sellers to qualified buyer. Also have estimates available for reference.

    Details

    78,151 Sq Ft

    2.77 Private Acres Lot Size

    Commercial

    $49,656 Annual Tax

    Built in 1978

    MLS/Listing ID R1645962

    2 Stories

    Amenities & Features

    Heating - Other

    Heating - Gas

    Membrane

    Parking - On Site

    Lot - Rectangular Lot

    Cooling - Other

    Construction - Frame

    Construction - Masonry

    Rubber

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    Interested in 125 N Main St?