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- LoopNet Team
3497 US Highway 9W
HIGHLAND, NY 12528
Cafe & Route 9w Motel · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavily trafficked intersection
- Great visibility
PROPERTY FACTS
ABOUT 3497 US HIGHWAY 9W , HIGHLAND, NY 12528
Located at a signalized intersection on busy route 9W in the Town of LLoyd NY. This 2.6 acre lot has 500 feet of route 9w frontage with average traffic in excess of 20,000 vehicles daily. The existing 21 room Motel is vacant and needs renovation. There is also a cafe which is rented currently plus 2 apartments also vacant and needing renovation. If renovated retaining current use, there is a 7 to 10% cap rate potential using conservative assumptions for renovation cost, occupancy and room rate. Financials available on request. This prime corner lot is also perfect for re-development, perhaps a gas station, convenience store, retail, professional office. A third option would be to do both; renovate the existing structures which are on .6 acres and develop the remaining 2 acres.
PROPERTY TAXES
| Parcel Number | 513200 88.13-2-6.100 | Improvements Assessment | $644,000 |
| Land Assessment | $154,000 | Total Assessment | $798,000 |
PROPERTY TAXES
