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Listed by: Berardi Realty

$1,200,000

Est. payment - /mo

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28 Baths

10,161 SqFt

Pending

451 Washington AVE Saugerties, NY 12477

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Key Details

Property Type Commercial

Sub Type Hotel-Motel

Listing Status Pending

Purchase Type For Sale

Square Footage 10,161 sqft

Price per Sqft $118

MLS Listing ID 20250810

Year Built 1960

Annual Tax Amount $14,926

Tax Year 14926

Lot Size 2.200 Acres

Acres 2.2

Lot Dimensions 2.20 acres

Property Sub-Type Hotel-Motel

Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Property Description

The hotel is just off the Village and surrounded by Horse Show property (HITS) and other Village activities. The Hotel is less than a half mile from the Village Center, boasting many shops, restaurants, theaters, and the waterfront. The 27-unit building, with a 1-bedroom manager's apartment, has 28 total units. The 10,000+ square foot building is divided into four suites, each featuring its own full kitchen, dining area, living room, and 6-7 bedrooms, all with their own full bathrooms. This property can lend itself to a hotel, Inn, Senior Residence, or SRO rentals, and the current occupied tenant uses include Emergency Housing. The building has been updated with all new HVAC (heat and AC), high-efficiency propane units, and many other improvements. The building is currently leased to a Master Tenant paying 10,000 a month NNN and a gross income of +/- 75,000 a month. Please see the attached information in the associated documents for County Records, CO, and Floor Plans. The property is located approximately 1/2 mile from the Saugerties Village center. It is surrounded by, or close to, Horse Show properties, Cantine Sports Complex, an indoor Ice Arena, Mini-golf, Go-Karts, and a Skate Park. Excellent location for Airbnb, hotel, or straight rentals. The building is fully furnished, with a comprehensive laundry facility featuring over five coin-operated washers and dryers. List agent is part owner.

Location

State NY

County Ulster

Area Saugerties-Vlg

Zoning COM1

Interior

Heating Central, Forced Air, Propane

Cooling Central Air

Flooring Carpet, Ceramic Tile, Vinyl

Exterior

Roof Type Asphalt

Building

Lot Description Landscaped, Level

Story 1

Foundation Block

Sewer Public Sewer

Water Public

Schools

Elementary Schools Cahill K-6

Others

Tax ID 18.1

Acceptable Financing Lease Option, Lease Purchase

Listing Terms Lease Option, Lease Purchase

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Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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