1 Lakeview Ave | Watkins Glen, NY 14891
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1 Lakeview Ave
Watkins Glen, NY 14891
Idlwilde Inn · Hospitality Property For Sale · 15 Rooms
EXECUTIVE SUMMARY
Nestled in the heart of the Finger Lakes Wine Country, Idlwilde Inn offers a rare opportunity to own a piece of history in the charming village of Watkins Glen. This majestic 18-room Victorian mansion, built in 1892, exudes timeless elegance and has been meticulously restored to capture its original grandeur.
Boasting 3 acres of beautifully landscaped gardens with stunning views of Seneca Lake, the Inn provides a serene retreat for guests seeking a peaceful getaway. The property features a variety of well-appointed guest rooms, a grand parlor, a formal dining room, and spacious porches perfect for relaxing and taking in the picturesque surroundings.
Ideally located just minutes from Watkins Glen State Park, the world-famous Watkins Glen International Raceway, and dozens of local wineries and breweries, Idlwilde Inn is an established and highly-rated destination for travelers. This turn-key bed-and-breakfast business presents an incredible opportunity for investors or hospitality entrepreneurs looking to capitalize on the thriving Finger Lakes tourism industry.
Whether you're drawn to the historic charm, the idyllic location, or the strong revenue potential, Idlwilde Inn is a rare gem awaiting its next chapter.
Note: Property must be purchased with additional 4 parcels totaling 2 acres being sold at $500,000 for each lot.
Boasting 3 acres of beautifully landscaped gardens with stunning views of Seneca Lake, the Inn provides a serene retreat for guests seeking a peaceful getaway. The property features a variety of well-appointed guest rooms, a grand parlor, a formal dining room, and spacious porches perfect for relaxing and taking in the picturesque surroundings.
Ideally located just minutes from Watkins Glen State Park, the world-famous Watkins Glen International Raceway, and dozens of local wineries and breweries, Idlwilde Inn is an established and highly-rated destination for travelers. This turn-key bed-and-breakfast business presents an incredible opportunity for investors or hospitality entrepreneurs looking to capitalize on the thriving Finger Lakes tourism industry.
Whether you're drawn to the historic charm, the idyllic location, or the strong revenue potential, Idlwilde Inn is a rare gem awaiting its next chapter.
Note: Property must be purchased with additional 4 parcels totaling 2 acres being sold at $500,000 for each lot.
PROPERTY FACTS
| Price Per Room | $265,192 CAD | Building Size | 9,612 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Cap Rate | 8.03% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1892/2011 |
| Property Subtype | Bed and Breakfast | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.46/1,000 SF |
| Lot Size | 2.59 AC | Corridor | Interior |
| Price Per Room | $265,192 CAD |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 2.59 AC |
| Building Size | 9,612 SF |
| No. Rooms | 15 |
| No. Stories | 3 |
| Year Built/Renovated | 1892/2011 |
| Tenancy | Single |
| Parking Ratio | 1.46/1,000 SF |
| Corridor | Interior |
AMENITIES
- Balcony
- Room Service
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 7 | $527.97 CAD | - |
| Guest Room | 8 | $360.18 CAD | - |
PROPERTY TAXES
| Parcel Number | 442401 65.13-8-6 | Improvements Assessment | $1,035,694 CAD |
| Land Assessment | $374,643 CAD | Total Assessment | $1,410,337 CAD |
PROPERTY TAXES
Parcel Number
442401 65.13-8-6
Land Assessment
$374,643 CAD
Improvements Assessment
$1,035,694 CAD
Total Assessment
$1,410,337 CAD
ZONING
| Zoning Code | NA |
| NA |
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