Anchorage Motor Inn 164 Lake St
39 Room Hotel Rouses Point, NY 12979 $1,595,000 ($40,897/Room) 10% Cap Rate
EXECUTIVE SUMMARY
Prime Investment opportunity! 2 Buildings. Well established with a low vacancy rate. Overlooking Lake Champlain and Bridge to Vermont. High traffic.
PROPERTY FACTS
| Price | $1,595,000 |
| Price Per Room | $40,897 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 31,524 SF |
| No. Rooms | 39 |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2015 |
| Parking Ratio | 3.92/1,000 SF |
| Corridor | Exterior |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 39 | $57.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 092803-020-015-0002-009-002-0000 | Improvements Assessment | $180,400 |
| Land Assessment | $29,600 | Total Assessment | $210,000 |
ZONING
| Zoning Code | Commercial (Mix use) |
