1 Overlook DrWarwick, NY 10990

Property Details for 1 Overlook Dr

Year built

1964

Lot size

0.71 AC

Property size (Sq ft)

6,360 SF

Zone code

401

Property type

Motels

APN

335405 214-9-2

APU

33540521492

Description

This exceptional investment opportunity presents the Hamlet Inn, a thriving 18-room motel situated in the vibrant Village of Warwick, NY. Boasting a prime location in an area renowned for its year-round appeal to tourists, the property benefits from a consistent stream of visitors drawn to the region's diverse attractions. These include live music concerts, arts and entertainment venues, wineries, shopping, farm markets, and seasonal activities such as Octoberfest, skiing, and snowboarding. The motel itself comprises a diverse range of accommodations, including one triple king suite, three double suites, and thirteen single suites. One single suite is handicap-accessible, and three are pet-friendly, catering to a broad range of guests. Adding to the property's income potential is a manager's studio apartment, providing on-site management convenience. Furthermore, a charming two-family residence is included, offering additional rental income streams. Each of the two units in this residence features two bedrooms and two bathrooms. The top-floor unit currently commands a monthly rent of $2200, while the bottom unit is projected to generate $1800 per month in rental income. The entire property sits on a 0.71-acre lot and encompasses 9,264 square feet of space. This turnkey operation presents a rare chance to acquire a well-established and profitable business in a desirable location. The asking price is $2,500,000.

Location Insight

City

Warwick

County

Orange

State

New York

Latitude

41.2501

Longitude

-74.3521

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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