30680 State Highway 17WHancock, NY 13783

Property Details for 30680 State Highway 17W

Lot size

18.90 AC

Property type

Motels

APN

123089 400.-1-10

APU

123089400110

Description

This 11-unit motel in Hancock, NY, presents a unique investment opportunity in the heart of the Catskill Mountains. Located on 19 acres at 30680 State Hwy 17W, this property boasts easy access to Route 17 and offers a blend of commercial and hospitality uses. Currently operating at 50% occupancy, the motel presents significant upside potential. The property includes a three-bedroom house, ideal for on-site management or owner occupancy, adding to its convenience and flexibility. The commercial zoning allows for diverse operational strategies. The asking price is $449,999, representing a compelling entry point into the thriving Catskill tourism market. The property's location provides easy access to nearby towns like Roscoe and Livingston Manor, known for their charming shops and restaurants. The extensive acreage offers ample space for expansion or additional amenities. This turnkey operation is ready for a new owner to capitalize on its potential and enjoy the serene beauty of the Catskill region. The property's APN is 123089-400-000-0001-010-000 and is situated in Delaware County, NY, zip code 13783. The net lease structure offers a straightforward ownership model. This is a rare opportunity to acquire a well-positioned motel with significant growth potential in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $232,296,672

  6.5%

  $214,427,696

  7%

  $199,111,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $254,489,360

  Geo Method

  $252,790,176

• Alternative Use

  Use

  Valuation

  Residential

  $234,092,736

  Hospitality

  $214,427,696

  Educational

  $178,401,328

  Medical

  $184,536,816

  Retail

  $277,513,152

Location Insight

City

Hancock

County

Delaware

State

New York

Latitude

42.0072

Longitude

-75.3834

Property Tax & Assessments

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