Motel For Sale
Location New York,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $300000
Net Profit / Cash Flow $135000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1960
Number of Employees 4 - 5
Inventory $35,200
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training As needed.
Reason for Sale Medical.
Description Exceptional piece of prime riverfront with outstanding views and beautiful
grounds. Listing includes a 24 room motel with two floating chalets, each with 3br/2baths. Property consists of 5.8 acres of land with almost 500' of riverfront and 442' of sheltered dock space. Recently updated in-ground pool. Waterside decks and gazebo, outdoor fireplace. Sit on the decks either on the grounds or on the front of each chalet.
This property has been in the same family for over 50 years and enjoys great repeat business. This listing is priced well below market value making it one of the best priced commercial property in the thousand islands. Investors have plenty of opportunity here. Either maintain the business 'as is' or use it to develop. This could be a great place for condo's. Contact for more information on this motel for sale.
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