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Budget Inn & Suites 9071 US Route 9W

17 Room Hotel Athens, NY 12015 $460,000 ($27,059/Room)

Executive Summary

4 lot pre-approved subdivision totaling 16.46 acres in Athens, NY, Close to Hunter & Windham Ski Resorts. Easy access to NYS Thuway. So many possibilities with this property! Lot 1 consists of an Old Budget Inn that sits up on top of a hill, conveniently back off the road. Property currently has a large horseshoe shaped entry/exit with ample parking and three buildings ready for rehab or teardown. 1st of the 3 buildings is a 2 story single family building. Demo has been done and new roof put on. The 2nd & 3rd buildings are 1 story and consist of what were 15 motel rooms. Both buildings are now gutted, have new roofs and ready to be reconfigured to your liking. Building 3 has a full basement with garage entry. 2 wells seem to be in good shape, condition of septic is unknown. New survey completed showing this and other lots available.
Lot 3 - 3.38 acres Could be sold separately for $55,000
Lot 2- 2.53 acres could be sold separately for $55,000
Lot 1- 7.41 acres along with 3 buildings and inground pool could be sold separately for $295,000
Lot 4 - 3.14 acres with pond. Could be sold separately for $55,000
**Do not enter buildings without consent**

Property Facts

Price $460,000
Price Per Room $27,059
Sale Type Investment
Sale Conditions Building in Shell Condition
Property Type Hospitality
Property Subtype Hotel
Building Class F
Lot Size 17.40 AC
Building Size 7,000 SF
No. Rooms 17
No. Stories 2
Year Built 1955
Parking Ratio 2.86/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • Boutique/Lifestyle Hotel
  • Bed & Breakfast

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 1 $40.00 1,860
Guest Room 16 $40.00 275

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
192289-121-000-0002-014-000-0000
Land Assessment
$73,000
Improvements Assessment
$180,700
Total Assessment
$253,700

zoning

Zoning Code 07 (MUC - Mix Use Commercial)
07 (MUC - Mix Use Commercial)
  • Listing ID: 28942499

  • Date on Market: 7/7/2023

  • Last Updated:

  • Address: 9071 US Route 9W, Athens, NY 12015

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