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171 Cornell Ave

stamford, NY 13788

$529,000

  • 5 BR
    approx. 6,934 SF

Interested? Let's Connect

ULTIMATE CATSKILLS HOSPITALITY COMPOUND: 7-ROOM BOUTIQUE HOTEL + 5 INCOME UNITS

Commercial investors and hospitality visionaries, secure a lucrative opportunity in the booming Catskills market. Historically known as the "House on the Hill," this landmark 1886 property spans 3 pristine acres of unrestricted potential in Hobart’s historic Book Village. It delivers an immediate, turnkey income revenue from five completely renovated, fully occupied independent apartments. Massive financial upside awaits an investor ready to more than double this active rental income simply by transitioning these five turnkey units into high-occupancy short-term vacation rentals.

Beyond the steady apartment income, the main building is a hospitality developer’s dream: masterfully reconfigured into seven full hotel rooms, with a private, high-end luxury bathroom added to units. Complete with a large eat-in country kitchen kitchen featuring dual independent ranges, the layout is perfectly curated for an all-inclusive boutique hotel, B&B, or event compound. A massive, permanent profit driver is right at your doorstep: the region's premier wedding industry is booming, and local barn and farm venues draw massive crowds but face a severe lodging shortage. This compound perfectly captures that market as an inclusive event space to host welcome parties, morning-after brunches, & guest lodging. The striking aesthetic and natural light also make it an ideal destination for high-end commercial photoshoots and mid-week corporate retreats looking for a Upstate escape.

The exceptionally guest-friendly layout includes a private rear staircase flowing straight into the kitchen, ensuring maximum privacy for guest groups. The expansive 3-acre grounds offer a magnificent blank canvas to create an enclosed resort compound complete with pathways, fire pits, curated gardens, and offshoot tiny homes or cabin rentals. Positioned in an ever-growing tourist corridor between Margaretville, Delhi & Stamford, the location captures permanent, four-season drivers, sitting directly between 4 premier ski mountains and right off major regional snowmobile trails. Seller is NYS Licensed Real Estate Salesperson

Details

6,934 Sq Ft

2.94 Private Acres Lot Size

investment

$558 Monthly Tax

Built in 1886

MLS/Listing ID R1690456

2 Stories

5 Units

Amenities & Features

Rubber

Community Sewer

Water

Public Water

Hardwood

Heating - Steam

Heating - Propane

Heating - Oil

Lot - Irregular Lot

Lot - Cul-de-sac

Parking - Threeormore Spaces

Parking - No Garage

Parking - Driveway

Propane Tank Leased

Cooling - Wall Units

Construction - Attic Crawl Hatchways Insulated

Construction - Frame

Construction - Structural Insulated Panels

Construction - Vinyl Siding

Community - Fitness

Convection Oven

Oil Water Heater

Membrane

Metal

Rolled/Hot Mop

Refrigerator

Propane Water Heater

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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