For Sale
$3,400,000

4853 Henrietta Rd Henrietta, NY 14467

111-key hotel, 6.15 acres, high ROI potential.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This fee-simple ownership opportunity presents a unique investment in a 111-key Days Inn located in Henrietta, New York. The property, built in 1965, sits on a substantial 6.15-acre lot and boasts 52,182 square feet across six single-story buildings. Currently operating as a hotel/motel, the property generates over $6,000 per month in steady income from a leased restaurant/bar area. The property features notable signage, coin-operated laundry facilities, and ample parking, along with significant outdoor space. Its prime location, right off I-390 and I-90, sees over 39,000 vehicles daily, providing excellent visibility and accessibility. This presents a compelling value-add opportunity for investors seeking to restructure management and increase net operating income. Alternatively, the property's well-maintained condition and ideal location make it highly suitable for redevelopment into multifamily units, capitalizing on a currently untapped market with strong rental growth (7.5% increase in the past year). The proximity to Rochester (ten miles), with its numerous demand drivers including Lake Ontario and several universities, further enhances the property's long-term potential. The asking price is $3,400,000, or $30,600 per key. This is a rare chance to acquire a significant hospitality asset with substantial upside potential in a thriving market.

Highlights

  • Prime location off I-390 and I-90 in Henrietta, NY, with over 39,000 vehicles daily.
  • Excellent value-add opportunity; restructure management to increase NOI.
  • Redevelopment potential into multifamily units; well-maintained property in a desirable area.
  • $6,000+/month income from leased restaurant/bar.
  • Ten miles from Rochester, near Lake Ontario and universities.
  • Priced at $30,600 per key.

Property Details for 4853 Henrietta Rd

Property type
Hospitality properties, Motels
Square Feet
52,182 SF
Year Built
1965
Buildings
6
Stories
1
Lot Size (sq. ft)
267,894 SF

Location Insight

City
Henrietta
County
Monroe
State
New York
Latitude
43.0556149
Longitude
-77.6544851

FAQs

What type of property is this?
Hospitality property - 111-key hotel, 6.15 acres, high ROI potential.
Where is the hospitality property located?
The property is located at 4853 Henrietta Rd Henrietta, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Prime location off I-390 and I-90 in Henrietta, NY, with over 39,000 vehicles daily.; Excellent value-add opportunity; restructure management to increase NOI.; Redevelopment potential into multifamily units; well-maintained property in a desirable area.
How can I contact the broker?
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4853 Henrietta Rd
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