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$ 799,000
Est. payment /mo
Price Dropped by $200K
541 Route 52 #539 Carmel, NY 10512
7.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 869737
Rental Info No
Year Built 1930
Annual Tax Amount $25,663
Lot Size 7.270 Acres
Acres 7.27
Property Sub-Type Mixed Use
Source onekey2
Property Description
REDUCED! 4-Unit Apartment Building PLUS Rehab Opportunity Motel (11 rooms in the MOTEL and they CANNOT be converted to Apartments) in Scenic Rural Setting on 7.5 acres. This Rare opportunity to acquire a unique income-producing property with tremendous upside potential. This offering includes a fully occupied 4-unit apartment building and an adjacent motel in need of complete renovation—both situated on a spacious lot in a quiet, picturesque rural location. The apartment building features four separate units, each with private entrances, ample parking, and steady rental income. The structure is well maintained, with separate utilities and strong tenant history. Next door, the motel includes multiple rooms, but it requires significant rehabilitation to bring it back to operational status. For the right buyer, this presents an incredible value-add opportunity. Whether converted into updated lodging, extended-stay rentals, or even short-term vacation units, the potential is limitless. With beautiful natural surroundings overlooking the shores of Lake Carmel, convenient road access, and room to expand or reimagine the site, this property is perfect for investors, developers, or entrepreneurs seeking a mixed-use asset in a tranquil setting. This is an excellent opportunity for value-add investment or redevelopment with expansion potential. Rural setting, yet on a well-traveled road with approximately 7,200 cars that pass this unique property per day. Close to Route I-84. Bring your vision and unlock the full potential of this one-of-a-kind property. Great expansion and vision to be repurposed as a Bed and Breakfast or small retail plaza with residential rentals above. Current income in the 4 unit is $66,600 NOT including the Motel that needs work!
Location
State NY
County Putnam County
Rooms
Basement None
Interior
Heating Electric, Oil
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electricity Connected, See Remarks
View Water
Building
Story 2
Sewer Public Sewer
Water Well
Structure Type Frame
Others
Special Listing Condition None
Listed by Briante Realty Group, LLC • Angela J. Briante
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