$700,000
Palatine Bridge, NY 13428
MLS# 202321306
Status: Closed
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Property Description
Welcome to 93 E Grandt St Motel in Palatine Bridge, NY - Your Opportunity for a Profitable Investment! This thriving motel presents an exceptional chance to own a well-established hospitality business in the picturesque town of Palatine Bridge, overlooking the stunning Mohawk Valley. Boasting 32 charming rooms, this property has consistently proven its profitability, netting an impressive $180,000 annually. With its prime location and positive cash flow, the 93 E Grandt St Motel offers a secure and rewarding investment opportunity. Guests are enchanted by the breathtaking views of the Mohawk Valley, making their stay a memorable experience and ensuring a steady stream of patrons year-round. Key Features: 32 Inviting Rooms: Well-maintained and designed for comfort, offerin
Details
Maps
Contract Information
Original List Price: 800000
Lease Considered: No
List Price/Acres: 210526.32
Sold Price/Acres: 184210.53
Status: Closed
Property Sub Type: Hotel-Motel
Sold Price: $700,000
Listing Contract Date: 2023-07-24
Current Price: $700,000
Location
City/Town (Mail): Palatine Bridge
Street Number: 93
Street Name: E Grand
Street Suffix: Street
County: Montgomery
State/Province: NY
Postal Code: 13428
Geo Lat: 42.910495
Geo Lon: -74.562155
Property Detail
Stories: 1
Number Of Buildings: 2
Business Name: The Budget Inn
Parking Y/N: Yes
Lot Size Square Feet: 1006
Zoning: Commercial
Lot Size Acres: 3.8
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Year Built: 1980
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 273403 63.11-1-10
Tax Annual Amount: 19164.33
Total Taxes Description: Estimated
Tax Block: 63
School District: Canajoharie
Association Y/N: No
Directions & Remarks
Directions: Right off Rt 5
Public Remarks: Welcome to 93 E Grandt St Motel in Palatine Bridge, NY - Your Opportunity for a Profitable Investment!
This thriving motel presents an exceptional chance to own a well-established hospitality business in the picturesque town of Palatine Bridge, overlooking the stunning Mohawk Valley. Boasting 32 charming rooms, this property has consistently proven its profitability, netting an impressive $180,000 annually.
With its prime location and positive cash flow, the 93 E Grandt St Motel offers a secure and rewarding investment opportunity. Guests are enchanted by the breathtaking views of the Mohawk Valley, making their stay a memorable experience and ensuring a steady stream of patrons year-round.
Key Features:
32 Inviting Rooms: Well-maintained and designed for comfort, offerin
Sewer
Public Sewer: 1
Association Amenities
None: 1
Current Use
Motel: 1
Architectural Style
Motel: 1
Financial Details
General Taxes: 6188.8
General Taxes Description: Estimated
School Taxes: 10986.33
School Taxes Description: Estimated
Village Taxes: 1989.2
Village Taxes Description: Estimated
Seller Financing: Yes
Cooling
Window Unit(s): 1
Listing Terms
Cash: 1
Basement
Full: 1
Building Detail
Fire Sprinkler System Y/N: Yes
Construction Materials
Drywall: 1
Wood Siding: 1
Other Structures
Shed(s): 1
Possession
At Closing: 1
Business Type
Hotel/Motel: 1
Flooring
Linoleum: 1
Showing Requirements
Agent to Accompany: 1
Call Listing Agent: 1
Special Listing Conditions
In Foreclosure: 1
Roof
Shingle: 1
View
River: 1
Water Source
Public: 1
Waterfront Features
River Front: 1
Heating
Baseboard: 1
Parking Features
Parking Total: 40
Paved: 1
Patio And Porch Features
Deck: 1
Patio: 1
Possible Use
Boarding House: 1
Hotel/Motel: 1
Investment: 1
Sale Includes
Building & Land: 1
Business & Building: 1
Security Features
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Security System Owned: 1
Status Change Info
Status Change Date: 2024-01-31
Sold Date: 2024-01-11
Sold Price: $700,000
Property Features
Architectural Style: Motel
Association Amenities: None
Basement: Full
Construction Materials: Drywall; Wood Siding
Cooling: Window Unit(s)
Current Use: Motel
Business Type: Hotel/Motel
Flooring: Linoleum
Heating: Baseboard
Listing Terms: Cash
Other Structures: Shed(s)
Parking Features: Paved
Patio And Porch Features: Deck; Patio
Possession: At Closing
Possible Use: Boarding House; Hotel/Motel; Investment
Roof: Shingle
Sale Includes: Building & Land; Business & Building
Security Features: Carbon Monoxide Detector(s); Fire Alarm; Security System Owned
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Call Listing Agent
Special Listing Conditions: In Foreclosure
View: River
Water Source: Public
Waterfront Features: River Front
Listing Courtesy of Gateway Realty Solutions
Listing Agent: Knicklas Emden
518-332-7263 | turnkeybudgetsolutions@yahoo.com
518-332-7263 | turnkeybudgetsolutions@yahoo.com
