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Fillmore Motel and Restaurant 10596 Route 19

8 Room Hotel Fillmore, NY 14735 $424,900 ($53,113/Room) 10.30% Cap Rate

Investment Highlights

  • Motel, single-family residence, and restaurant building
  • Single-family residence is perfect for an owner-operator or as an additional rental unit
  • Motel offers 11 rooms, comprising eight double rooms and three single rooms
  • Restaurant can remain or converted into retail, office, or additional housing

Executive Summary

This unique and versatile property offers an exceptional investment opportunity. Situated on Route 19 entering Fillmore, the property includes a motel, single-family residence, and restaurant building situated above the banks of the Genesee River. The motel offers 11 units, comprising eight double rooms and three single rooms, primarily accommodating short—to medium-term tenants. Units 1 through 6 could be renovated to include kitchenettes, enabling a seamless transition into longer-term rentals for increased income opportunities. The single-family residence is perfect for an owner-operator or as an additional rental unit. The restaurant could be converted into an office space, retail shop, medical office, or additional housing unit, providing flexibility for various business or residential ventures. Ample on-site parking accommodates both guests and customers. With its strategic location on Route 19, diverse usage options, and riverfront charm, this property is a rare find for investors seeking to capitalize on mixed-use potential. Don’t miss this incredible opportunity to own a multi-faceted property in a prime location!

Property Facts

Price $424,900
Price Per Room $53,113
Sale Type Investment
Cap Rate 10.30%
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.20 AC
Building Size 8,842 SF
No. Rooms 8
No. Stories 1
Year Built 1950
Parking Ratio 5.01/1,000 SF
Corridor Exterior

Amenities

  • Restaurant

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 8 $71.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
025800-040-000-0001-024-000-0000
Land Assessment
$5,200
Improvements Assessment
$170,700
Total Assessment
$175,900
  • Listing ID: 34042783

  • Date on Market: 12/1/2024

  • Last Updated:

  • Address: 10596 Route 19, Fillmore, NY 14735

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