6590 S Cayuga Lake Rd Ovid NY 14521 MLS #R1519779

6590 S Cayuga Lake Rd
Ovid, NY, 14521
$1,750,000
Beds
0 Baths
2,300 SqFt
57.7 Acres
Sned Acres offers a great investment opportunity for the discerning investor, located right on the wine trail in the beautiful Finger Lakes. Campers have enjoyed this 57 acre camp and consistently returned year after year. Word of mouth is the only advertising and still, there is a waiting list of 75 people for seasonal camping sites. Demand is strong offering tremendous opportunity to grow.

There are currently 43 seasonal sites, 34 full hook-up sites, 7 cabins, 5 rental trailers (with sites for three more) and at least 14 tent sites. The Airbnb home and its 6 acres is not included in this sale but may be added to this sale. The immediate upside potential consists of raising rates, using the main house on the property as an Airbnb, and adding the 14 approved camping sites. These improvements can all be accomplished in year one and would tremendously increase overall value and gross revenue. There is a camp store. There are additional opportunities which include; a second approved pool, along with a Recreational building with an apartment above. This is an ideal space for a full time on-site staff member to be housed, offsetting their salary requirements.

Property Details

Price:
$1,750,000
MLS #:
R1519779
Status:
Active
Beds:
0
Baths:
0
Address:
6590 S Cayuga Lake Rd
Type:
Commercial
Subtype:
Business
City:
Ovid
Listed Date:
Feb 5, 2024
State:
NY
Finished Sq Ft:
2,300
ZIP:
14521
Lot Size:
58 acres
Year Built:
1969
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6590 S Cayuga Lake Rd
Ovid, NY

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Schools

School District:
South Seneca

Interior

Heating
Propane, Forced Air

Exterior

Construction Materials
Wood Siding
Parking Features
Driveway, On Site
Parking Spots
130
Roof
Asphalt, Metal, Shingle

Financial

Buyer Agent Compensation
2%
Net Operating Income
$239,814
Taxes
$11,186

Map

Community

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