Beaver RdNewport, NY 36388
- Industrial properties
Property Details for Beaver Rd
- Year built
- 1979
- Property type
- Industrial properties
Description
This exceptional investment opportunity in Newport, NY, presents a unique blend of residential and commercial potential. Located near Cooperstown, this property boasts a rich history as the renowned Gateway Inn and Suites. The 2-acre parcel includes a spacious 3-bedroom, 2-bathroom contemporary home, perfect for owner occupancy. In addition to the main residence, the property features a 1-bedroom apartment with a 1-room hotel lockoff, providing additional living space or rental income. Further enhancing the income potential are four additional hotel units housed in a separate building. The property also includes a swimming pool, adding to its appeal for short-term rentals. This versatile property offers a significant opportunity for a steady income stream through the rental of the six units, while enjoying the comfort of the spacious main residence. The property is conveniently located with a Cooperstown postal code and proximity to Cooperstown School. This is a first-time listing and represents a rare chance to acquire a well-established, income-generating property with significant upside potential. The property is being offered at $425,000.
Location Insight
- City
- Newport
- County
- Otsego
- State
- New York
- Latitude
- 43.1483
- Longitude
- -74.894
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