O'Brien's Inn Hotel & Restaurant | 33 County Road 60
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O'Brien's Inn Hotel & Restaurant 33 County Road 60
24 Room Hotel Waverly, NY 14892 $300,000 ($12,500/Room)
Executive Summary
Since 1946 O'Brien's Inn has been known as "America's Most Scenic Dining Room". The O'Brien story began in 1911 when William O'Brien purchased the Valley View Farm. His children, Ed, age 12, and Bill, age 11, while working on the farm noticed cars always stopping at the same spot to fill their smoking radiators with water. The boys, with help from their father, opened up Valley View Snack Shop in 1918 which served hot dogs and their mother's fruit pies. By 1926 the boys saved enough money to buy the neighborhood diner to hone in their skills on running a restaurant. In 1937 the O'Brien boys broke ground on Waverly Hill to build a restaurant to accommodate 34 people. By 1946 the restaurant was so successful it was expanded over the side of the mountain. Currently, a non operational restaurant and 23 hotel rooms overlooking the Chemung River! Call for a private showing to see "Heaven on the Hilltop." Property being sold as is, and is currently closed and has been vandalized. Cash only!
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$5,794
|
$0.41
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,794
|
$0.41
|
Financial Summary (Actual - 2022)
| Taxes | |
|---|---|
| Annual | $5,794 |
| Annual Per SF | $0.41 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,794 |
| Annual Per SF | $0.41 |
Property Facts
| Price | $300,000 | Building Size | 14,008 SF |
| Price Per Room | $12,500 | No. Rooms | 24 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1918/1946 |
| Property Subtype | Hotel | Parking Ratio | 3.56/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 14.27 AC |
| Price | $300,000 |
| Price Per Room | $12,500 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 14.27 AC |
| Building Size | 14,008 SF |
| No. Rooms | 24 |
| No. Stories | 3 |
| Year Built/Renovated | 1918/1946 |
| Parking Ratio | 3.56/1,000 SF |
| Corridor | Exterior |
Amenities
- Restaurant
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 24 | $125.00 | - |
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PROPERTY TAXES
| Parcel Number | 072800-135-000-0001-009-000-0000 | Total Assessment | $200,000 (2023) |
| Land Assessment | $32,900 (2023) | Annual Taxes | $5,794 ($0.41/SF) |
| Improvements Assessment | $167,100 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
072800-135-000-0001-009-000-0000
Land Assessment
$32,900 (2023)
Improvements Assessment
$167,100 (2023)
Total Assessment
$200,000 (2023)
Annual Taxes
$5,794 ($0.41/SF)
Tax Year
2022
zoning
| Zoning Code | 05 (Acreage and assesments are for all 4 parcels 135.00-1-9,135.00-1-6.111, 135.00-1-3.31, 135.00-1-26) |
| 05 (Acreage and assesments are for all 4 parcels 135.00-1-9,135.00-1-6.111, 135.00-1-3.31, 135.00-1-26) |
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O'Brien's Inn Hotel & Restaurant | 33 County Road 60
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