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Raintree Motel 972 S Route 9W

20 Room Hotel Congers, NY 10920 $3,511,700 CAD ($175,585 CAD/Room) 8.29% Cap Rate

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Investment Highlights

250 SF of frontage on 9W!
Located between Congress Lake, Swartwout Lake, and Rockland Lake

12 Minute walk to the Rockefeller Lookout

Executive Summary

Location! Attention All Investors, Developers, Hotel Owners, Franchise Owners, & End-Users!!! This could be your next development site/next home/your business and offers endless possibilities for additional revenue! This 2-story solid concrete building consists of 20 spacious rooms. New top roof in 2020 and a new boiler was recently installed plus new low-flush bathrooms. Every room features a bed, table, couch, large bathroom, A/C unit and more. There are 15 security cameras on the property! The owner has the advantage of watching everything from office/home. Every room has Wi-Fi and an internet connection. Amazing location, motel is across the Rockland Lake State Park. Close to Palisades highway, Nyack and Helen Hayes hospital, Palisades shopping mall and more... It is ready to be sold! There are endless possibilities for additional revenue here in Congers NY make this your next investment!

Property Facts

Price	$3,511,700 CAD	Lot Size	0.59 AC
Price Per Room	$175,585 CAD	Building Size	26,466 SF
Sale Type	Investment	No. Rooms	20
Cap Rate	8.29%	No. Stories	2
Property Type	Hospitality	Year Built/Renovated	1982/2016
Property Subtype	Hotel	Parking Ratio	0.83/1,000 SF
Building Class	C	Corridor	Exterior

Price	$3,511,700 CAD
Price Per Room	$175,585 CAD
Sale Type	Investment
Cap Rate	8.29%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.59 AC
Building Size	26,466 SF
No. Rooms	20
No. Stories	2
Year Built/Renovated	1982/2016
Parking Ratio	0.83/1,000 SF
Corridor	Exterior