14311 ROUTE 9W New Baltimore NY 12124 MLS #202228506

14311 ROUTE 9W

New Baltimore, NY, 12124

$1,395,000

Beds

42 Baths

SqFt

3.55 Acres

Commercial property consisting of a 12-unit Apartment Building, a Large Single-Family Home, an Office, and a 28-room motel (that is intheprocess of being converted into 16 new apartments). The apartment building is about 50/75% renovated with great tenants, the houseiscurrently vacant but rent-ready, the office is vacant and the motel is under conversion into 16 newly approved apartments. There aretwosections of the Motel, one section is completely gutted and about 75% framed for the new apartments, and the other motel strip has 10originalmotel rooms that could be rented AS-IS and then the last 4 units in that strip are partially gutted. The property is priced for a quick sale.Ownerestimates about $275,000 to complete the property renovation. Income and expense sheet is estimated based on

Property Details

Price:

$1,395,000

MLS #:

202228506

Status:

Active

Baths:

Address:

14311 ROUTE 9W

Type:

Commercial

Subtype:

Hotel-Motel

City:

New Baltimore

Listed Date:

Oct 14, 2022

State:

ZIP:

12124

Lot Size:

4 acres

Year Built:

1950

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14311 ROUTE 9W

New Baltimore, NY