66 Main StEllenville, NY 12428

Property Details for 66 Main St

Year built

1970

Lot size

1.04 AC

Property size (Sq ft)

7,378 SF

Zone code

B-3

Property type

Motels

APN

515601 83.70-3-26

APU

5156018370326

Description

This exceptional investment opportunity presents a 34-room motel situated on a 1.04-acre lot in Ellenville, NY, directly on Route 209. The property boasts a distinctive 1970s aesthetic and features a newly installed propane tank system, along with significant recent capital improvements, ensuring immediate revenue generation. The motel includes a one-bedroom manager's apartment for convenient on-site management, and a separate multi-family building with four additional one-bedroom units, providing supplemental income or staff housing. The substantial 15,268 square foot building also includes a large basement for storage. The property benefits from municipal water and sewer, minimizing maintenance concerns. Undeveloped land with road frontage offers significant expansion potential, allowing for the addition of boutique suites, amenities, or even a complete reimagining of the property. Zoned B-3 (Highway Business), this versatile property is well-suited for a variety of commercial uses beyond hospitality, including retail or other ventures. This prime location in the thriving Ellenville market offers easy access to steady tourist and local traffic, making it an ideal investment for those seeking a profitable and dynamic hospitality business or a multi-faceted commercial venture. The property's retro charm and substantial size present a unique opportunity to capitalize on the growing popularity of the Catskills region.

• CAP approach

  CAP return

  Valuation

  6%

  $2,081,766

  6.5%

  $1,921,630

  7%

  $1,784,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,280,650

  Geo Method

  $2,265,422

• Alternative Use

  Use

  Valuation

  Residential

  $2,097,862

  Hospitality

  $1,921,630

  Educational

  $1,598,774

  Medical

  $1,653,758

  Retail

  $2,486,982

Location Insight

City

Ellenville

County

Ulster

State

New York

Latitude

41.7192

Longitude

-74.393

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].