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The Jefferson Inn 3 Jefferson St

7 Room Bed and Breakfast Ellicottville, NY 14731 $1,249,000 ($178,429/Room)

Executive Summary

AFTER 17 YEARS, THE CURRENT OWNER IS RETIRING AND PLACING THIS VILLAGE BED AND BREAKFAST FOR SALE. CURRENTLY, THERE ARE FIVE RENTAL ROOMS WITH ENSUITE BATHROOMS, TWO EFFICIENCY APARTMENTS, THE OWNER'S QUARTERS, PLUS A THIRD FLOOR APARTMENT, WHICH COULD BE A CARETAKER SUITE. THE ENTRY LEVEL COULD ALSO HAVE A HANDICAP ACCESSIBLE BEDROOM AND BATH. THE DINING ROOM IS SET UP WITH A LARGE FAMILY-STYLE TABLE, PLUS SMALLER, MORE INTIMATE TABLES AND CHAIRS. THE LIVING ROOM BOASTS A FIREPLACE AND BAR AREA. THE KITCHEN OFFERS A CENTER ISLAND, PLUS OFFICE WORK SPACE. THE OWNER'S ONE BEDROOM, ONE BATH APARTMENT WITH A SEPARATE ENTRANCE IS AROUND THE CORNER FROM THE KITCHEN. THE TWO EFFICIENCIES ARE PET FRIENDLY UNITS. THE THIRD FLOOR QUARTERS HAVE ONLY BEEN OCCUPIED BY FAMILY AND FRIENDS. THE WRAP AROUND FRONT PORCH IS THE IDEAL PLACE TO RELAX IN THE ROCKING CHAIRS TO ENJOY AN AFTERNOON TEA OR HAPPY HOUR. THE SIDING, PORCH, ROOF, HOT WATER TANKS, DISHWASHER HAVE BEEN REPLACED. THE SECOND FLOOR PROVIDES CENTRAL AIR CONDITIONING. OWN A PART OF ELLICOTTVILLE'S HISTORY! ALSO LISTED RESIDENTIALLY B1514674

Property Facts

Price $1,249,000
Price Per Room $178,429
Sale Type Investment
Property Type Hospitality
Property Subtype Bed and Breakfast
Building Class B
Lot Size 0.24 AC
Building Size 4,608 SF
No. Rooms 7
No. Stories 3
Year Built/Renovated 1835/2006
Parking Ratio 0.65/1,000 SF
Corridor Interior

Amenities

  • High Speed Internet Access
  • Patio
  • Bed & Breakfast
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 1 $259.00 -
Guest Room 6 $219.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
043601-055-035-0003-012-000-0000
Land Assessment
$33,500
Improvements Assessment
$566,500
Total Assessment
$600,000
  • Listing ID: 33523263

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 3 Jefferson St, Ellicottville, NY 14731

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