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Listed by: Berardi Realty

$1,600,000

Est. payment - /mo

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13 Baths

4,802 SqFt

Active

669-671 Broadway Rt 9w Esopus, NY 12429

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Key Details

Property Type Commercial

Sub Type Hotel-Motel

Listing Status Active

Purchase Type For Sale

Square Footage 4,802 sqft

Price per Sqft $333

MLS Listing ID 20251008

Year Built 1940

Annual Tax Amount $17,861

Tax Year 17861

Lot Size 1.200 Acres

Acres 1.2

Property Sub-Type Hotel-Motel

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

Property Description

Prime Hospitality Investment Opportunity on Mirror Lake - 10-Unit Motel & 2-Family Home Located on the banks of Mirror Lake, this 1.2-acre hospitality-zoned property offers a unique investment opportunity just 5 minutes from Downtown Kingston's waterfront and 90 miles from NYC. Formerly operating as the Lake Motel, the property consists of two adjacent parcels: a 10-unit motel and a renovated 2-family home, providing excellent potential for short- or long-term rentals. The motel building features 10 studio units with kitchenettes, 8 of which have been completely renovated with modern finishes, including subway tile baths and updated flooring. The remaining 2 units are occupied by long-term tenants. Each unit has separate 100-amp electric service, and an 11-meter electrical panel allows for future utility separation if desired. Additional amenities include wall-mounted heating & cooling units, a complete water treatment system, and well/septic infrastructure. The building also includes a dedicated laundry room with 2 washers and 2 dryers, providing added convenience for tenants or guests. The 2-family home, originally the motel office and owner's quarters, has been converted into two fully renovated rental units. The first-floor unit is a spacious 2+ bedroom with new natural gas forced air heat and electric hot water. The second-floor unit is a bright 1-bedroom apartment with electric heat and hot water. Each tenant pays for their own utilities. With 200 feet of private lake frontage, this property is well-suited for hospitality use, offering boating, fishing, and winter activities such as ice fishing and skating. The private lake has no public access, ensuring a peaceful and exclusive setting. Whether continued as long-term rentals or repositioned as a boutique lakeside motel or Airbnb destination, this versatile investment presents a strong income-generating opportunity in the Hudson Valley.

Location

State NY

County Ulster

Area Esopus

Zoning R40

Interior

Heating See Remarks

Cooling Wall Unit(s), Wall/Window Unit(s)

Flooring Hardwood, Laminate

Exterior

Exterior Feature Courtyard

Fence Back Yard

Waterfront Description Lake

Roof Type Shingle

Building

Lot Description Back Yard, Front Yard

Sewer Private Sewer

Water Private

Others

Tax ID 64.3

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Jonathan Greene

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