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  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size 67100 sqft
Garage No
Maintenance Fees 
Taxes $49,656
Days Active 5
Approx. Age 1978
Avg. Price Per Sqft $27
MLS® Number S1625395

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Presenting a rare opportunity to acquire a 107-room hotel with a longstanding history of success, ideally located in the heart of Newark, New York—just steps from the scenic Erie Canal waterway and centrally positioned within the renowned Finger Lakes region. Situated on 2.77 acres of prime commercial real estate, this expansive 67, 100 square foot, two-story concrete structure combines durability with functionality. The property is designed to accommodate both leisure and business travelers, offering a full suite of amenities. Indoor swimming pool with a retractable roof is ideal for year-round use. Spacious banquet and event room are perfect for weddings, conferences, and community gatherings. On-site bar/lounge caters to guests and locals alike. Ample parking and high visibility in a high-traffic corridor. The location offers unmatched convenience and charm, with walkable access to local shops, dining, and recreational areas along the Erie Canal. With its strong regional identity, this property is poised for continued profitability and potential repositioning under a national or boutique flag. Prime Finger Lakes location near Rochester and Syracuse. Whether you're looking to expand your hospitality portfolio or invest in a cornerstone property in one of upstate New York’s most desirable regions, this hotel offers solid cash flow potential with upside for redevelopment or brand affiliation. Possible redevelpment opportunities through NYS Development Finger Lakes Region and Wayne County Economics.Show Description
MLS® NumberS1625395
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1978
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas
A/CCentral Air
Heating Fuel

Extras

Land, Building and Business

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