For Sale
$749,900

5705 Us-20 East Springfield, NY 13333

18-Room Motel + Diner, $749,900

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a meticulously maintained 18-room motel situated on a 0.85-acre lot at 5705 US-20 in East Springfield, New York, zip code 13333. The property, totaling 10,400 square feet, boasts a rich history, having been originally constructed in 1958 and significantly updated by the owner-operator in 1992. The sale includes not only the motel itself but also an adjacent restaurant/diner, complete with all equipment and contents. This turnkey operation presents a unique chance to acquire a well-established business in a desirable location. The motel's prime location in Cherry Valley offers easy access to major roadways, ensuring high visibility and convenient access for guests. While financial details are not currently available, the property's strong operational history and established presence in the community make it an attractive proposition for experienced hospitality investors. The property is situated in Otsego County, New York, and its 0.85-acre lot provides ample space for potential expansion or future development. This is a rare chance to acquire a profitable, established business in a thriving area. Serious inquiries are encouraged. Note that no financial information is available for this property.

Highlights

  • $749,900 asking price.
  • 18-room motel in East Springfield, NY.
  • 10,400 square feet on a 0.85-acre lot.
  • Built in 1958 (owner-operator improvements in 1992).
  • Includes adjacent restaurant/diner with equipment.
  • No financials available.

Property Details for 5705 Us-20

Property type
Hospitality properties, Motels
Square Feet
10,400 SF
Year Built
1958
Lot Size (sq. ft)
37,026 SF

Location Insight

City
East Springfield
County
Otsego
State
New York
Latitude
42.8314035
Longitude
-74.8151993

FAQs

What type of property is this?
Hospitality property - 18-Room Motel + Diner, $749,900
Where is the hospitality property located?
The property is located at 5705 Us-20 East Springfield, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: $749,900 asking price.; 18-room motel in East Springfield, NY.; 10,400 square feet on a 0.85-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5705 Us-20
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