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Parkway Inn 900 Vestal Pky E

58 Room Hotel Vestal, NY 13850 $2,900,000 ($50,000/Room)

Investment Highlights

  • Near A Highway
  • 1 Storage Room
  • 57 Guest Rooms
  • Spread Over 1.6 Acres

Executive Summary

Clean & well-kept Motel located on the Vestal Parkway, near Interstate 17 & NYS Route 26 exchange. Total of 57 guest rooms &
1 storage room, throughout the three distinct buildings spread over 1.6 Acres. Main building includes living quarters with 3
bedrooms/1.5 baths for live-in manager/owner, with full laundry facility and lobby/office. Occupancy for 2023 averaged over
70%/daily. Reach out today to find out how you can make this investment work for you.

Property Facts Under Contract

Price $2,900,000
Price Per Room $50,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.61 AC
Building Size 19,916 SF
No. Rooms 58
No. Stories 2
Year Built/Renovated 1954/1990
Tenancy Single
Parking Ratio 3.87/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 58 $83.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
034800-157-019-0003-001-012-0000
Land Assessment
$245,800
Improvements Assessment
$604,200
Total Assessment
$850,000

zoning

Zoning Code C-2 (Commercial)
C-2 (Commercial)
  • Listing ID: 30875591

  • Date on Market: 2/5/2024

  • Last Updated:

  • Address: 900 Vestal Pky E, Vestal, NY 13850

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