Newark Garden Hotel | 125 N Main St
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Newark Garden Hotel 125 N Main St
107 Room Hotel Newark, NY 14513 $1,999,000 ($18,682/Room)
Investment Highlights
- Full service Hotel with 107 rooms, bar, restaurant and banquet facilities on site
- Plans in place for flag to Wyndham Garden Inn - studies available for review
- Parking for approx. 200 (Newly re-paved)
- Located along the Erie Canal with water access
- Longtime history as a successful hotel
- Owner open to all offers
Executive Summary
Full service Hotel with 107 rooms. Bar, restaurant and banquet facilities on site. Located along the Erie Canal with water access.
Plans in place for flag to Wyndham Garden Inn - studies available for review. Longtime history as a successful hotel. Parking for approx. 200 (Newly re-paved). Parcel is 2.77 acres. Limitless potential as a hotel and/or possible site for redevelopment. Located in the Village of Newark, the largest municipality in Wayne County. Part of the Finger Lakes Region of NY. Price reduced to $1,999,000 - owner open to all offers.
Property drone video: https://youtu.be/uMSUa_CLRrM
Property video: https://youtu.be/Ig7EavMvVgY
Plans in place for flag to Wyndham Garden Inn - studies available for review. Longtime history as a successful hotel. Parking for approx. 200 (Newly re-paved). Parcel is 2.77 acres. Limitless potential as a hotel and/or possible site for redevelopment. Located in the Village of Newark, the largest municipality in Wayne County. Part of the Finger Lakes Region of NY. Price reduced to $1,999,000 - owner open to all offers.
Property drone video: https://youtu.be/uMSUa_CLRrM
Property video: https://youtu.be/Ig7EavMvVgY
Property Facts
| Price | $1,999,000 | No. Rooms | 107 |
| Price Per Room | $18,682 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1978 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.99/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.77 AC | Opportunity Zone |
Yes
|
| Building Size | 67,000 SF |
| Price | $1,999,000 |
| Price Per Room | $18,682 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.77 AC |
| Building Size | 67,000 SF |
| No. Rooms | 107 |
| No. Stories | 2 |
| Year Built | 1978 |
| Tenancy | Single |
| Parking Ratio | 2.99/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
- Fitness Center
- Restaurant
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $350.00 | - |
| Guest Room | 106 | $324.00 | - |
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PROPERTY TAXES
| Parcel Number | 542001-068-111-0018-325-128-0000 | Improvements Assessment | $276,500 |
| Land Assessment | $80,500 | Total Assessment | $357,000 |
PROPERTY TAXES
Parcel Number
542001-068-111-0018-325-128-0000
Land Assessment
$80,500
Improvements Assessment
$276,500
Total Assessment
$357,000
zoning
| Zoning Code | CON |
| CON |
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Newark Garden Hotel | 125 N Main St
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