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$ 1,600,000
Est. payment /mo
New
669-671 Broadway 9W Route Esopus, NY 12429
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY853514
Originating Board onekey2
Rental Info No
Year Built 1940
Annual Tax Amount $17,861
Property Sub-Type Multi Family
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 County
Interior
Heating See Remarks
Cooling Wall/Window Unit(s)
Flooring Hardwood, Laminate
Fireplace No
Appliance Dishwasher, Dryer, Other, Oven, Washer
Exterior
Parking Features Driveway, Other, Parking Lot
Utilities Available See Remarks
Waterfront Description Lake Front
View Lake
Building
Lot Description Back Yard, Front Yard
Sewer Other
Water Private
Structure Type Brick,Vinyl Siding
Others
Special Listing Condition None
Listed by Berardi Realty
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