Historic Adler Hotel | 107 Adler Ave
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Historic Adler Hotel 107 Adler Ave
150 Room Hotel Sharon Springs, NY 13459 $125,000 ($833/Room)
Investment Highlights
- This historic hotel was once known for it's therapeutic spa.
- High traffic.
- Very well known hotel.
Executive Summary
The Historic Adler Hotel was ones a destination place for the American high society with more than 10,000 visitors every summer. This once beautiful hotel needs a new owner to bring it back to life. This Hotel has five story and 150 rooms and comes with 4.38 acres, with and additional 8.10 acres being sold with the hotel. Sharon Springs has sulfur, magnesia, chalybeate and blue stone springs which made this area a popular spa destination. Some of the famous visitors to walk the halls of the Adler Hotel are the Vanderbilts, Rensselaers, and Oscar Wilde to name a few. This historic building will be great again with the right owner. Find the documentary of the Adler Hotel on YouTube - From Heyday to Present Day.
Property is being sold as is
Property is being sold as is
Property Facts Under Contract
| Price | $125,000 | Building Size | 61,102 SF |
| Price Per Room | $833 | No. Rooms | 150 |
| Sale Type | Investment | No. Stories | 5 |
| Property Type | Hospitality | Year Built | 1929 |
| Property Subtype | Hotel | Parking Ratio | 1.64/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 12.48 AC | Opportunity Zone |
Yes
|
| Price | $125,000 |
| Price Per Room | $833 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 12.48 AC |
| Building Size | 61,102 SF |
| No. Rooms | 150 |
| No. Stories | 5 |
| Year Built | 1929 |
| Parking Ratio | 1.64/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 150 | $100.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $24,800 | |
| Land Assessment | $70,200 | Total Assessment | $95,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$70,200
Improvements Assessment
$24,800
Total Assessment
$95,000
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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Historic Adler Hotel | 107 Adler Ave
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