451 Washington Avenue, Saugerties

$1,200,000

0 Bed
28 Baths
10,161 Sqft
2.2 Acres
0 Garage

The hotel is just off the Village and surrounded by Horse Show property (HITS) and other Village activities. The Hotel is less than a half mile from the Village Center, boasting many shops, restaurants, theaters, and the waterfront. The 27-unit building, with a 1-bedroom manager's apartment, has 28 total units. The 10,000+ square foot building is divided into four suites, each featuring its own full kitchen, dining area, living room, and 6-7 bedrooms, all with their own full bathrooms. This property can lend itself to a hotel, Inn, Senior Residence, or SRO rentals, and the current occupied tenant uses include Emergency Housing. The building has been updated with all new HVAC (heat and AC), high-efficiency propane units, and many other improvements. The building is currently leased to a Master Tenant paying 10,000 a month NNN and a gross income of +/- 75,000 a month. Please see the attached information in the associated documents for County Records, CO, and Floor Plans. The property is located approximately 1/2 mile from the Saugerties Village center. It is surrounded by, or close to, Horse Show properties, Cantine Sports Complex, an indoor Ice Arena, Mini-golf, Go-Karts, and a Skate Park. Excellent location for Airbnb, hotel, or straight rentals. The building is fully furnished, with a comprehensive laundry facility featuring over five coin-operated washers and dryers. List agent is part owner.

Essential Information
MLS® #20250810
Price$1,200,000
Bathrooms28.00
Square Footage10,161
Acres2.20
Year Built1960
TypeCommercial Sale
Sub-TypeHotel-Motel
StatusActive
Community Information
Address451 Washington Avenue
AreaSaugerties-Vlg
CitySaugerties
CountyUlster
StateNY
Zip Code12477
Interior
HeatingCentral, Forced Air, Propane
CoolingCentral Air
Appliances

Water Heater, Gas Water Heater, Electric Water Heater

Exterior
ExteriorBrick, Frame, Stone
Lot DescriptionLandscaped, Level
RoofAsphalt
ConstructionBrick, Frame, Stone
FoundationBlock
School Information
ElementaryCahill K-6
Additional Information
ZoningCOM1
Listing Details
AgentGregory Berardi
Listing Courtesy of Berardi Realty
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