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Motel 6 Ilion, NY 345 E Main St
31 Room Hotel Ilion, NY 13357 $1,913,584 CAD ($61,729 CAD/Room) 22% Cap Rate
Investment Highlights
- Easy to run motel with solid base of business, high cap rate and great potential!
- Fully Renovated Property! Ready to go! - New Everything!
- Fantastic Economy Brand - Motel 6 is universally respected!
- Spacious Owners Apartment with 3 airy bedrooms, kitchen and living space
- Conveniently located off I-90 and near to Utica - travelers love it!
- Location is near shops, restaurants and commercial business!
Executive Summary
out this space or even add guestrooms at some point for additional revenue. Call now to schedule a tour so you don't miss out on this exciting opportunity to acquire this outstanding gem of a property with enormous upside potential at a very special price point!
Property Facts
| Price | $1,913,584 CAD | Lot Size | 2.25 AC |
| Price Per Room | $61,729 CAD | Building Size | 13,482 SF |
| Sale Type | Investment | No. Rooms | 31 |
| Cap Rate | 22% | No. Stories | 1 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1968/2021 |
| Property Type | Hospitality | Parking Ratio | 6.53/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $1,913,584 CAD |
| Price Per Room | $61,729 CAD |
| Sale Type | Investment |
| Cap Rate | 22% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.25 AC |
| Building Size | 13,482 SF |
| No. Rooms | 31 |
| No. Stories | 1 |
| Year Built/Renovated | 1968/2021 |
| Parking Ratio | 6.53/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
About 345 E Main St , Ilion, NY 13357
This lucrative, fully renovated Motel 6 is conveniently located off I-90 in Herkimer County, only minutes from Utica, New York. There are multiple demand generators including commercial, leisure and highway business travelers seeking a cleanroom, comfortable bed and safe environment. There is a full selection of king, queen, double-queen and double-double rooms for businessmen and families. The Motel 6 – Ilion, N.Y. offers a business center and plenty of on-site parking for you and your guests. There is great potential to add revenue through leasing out former banquet space, adding rooms and rate management. Don't miss out on this exceptional opportunity and outstanding value!
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 31 | $133.24 CAD | - |
PROPERTY TAXES
| Parcel Number | 212801-120-046-0003-002-000-0000 | Improvements Assessment | $263,065 CAD |
| Land Assessment | $101,136 CAD | Total Assessment | $364,200 CAD |
PROPERTY TAXES
zoning
| Zoning Code | B-1 (Commercial) |
| B-1 (Commercial) |
Presented by
Motel 6 Ilion, NY | 345 E Main St
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