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Key Facts

Type Hotel-Motel
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $16,640
Days Active 226
Approx. Age 1946
MLS® Number 20244394

Property Address: 

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

Description

This 5.97 acre property is made up of three contiguous parcels along the picturesque Kauterskill Creek near the commercial district of Palenville, NY. All three lots are being sold together. On the first parcel with valuable frontage along 32A, is the former Rainbow Hotel built in 1946 hotel which requires full rehabilitation or to be replaced with a new structure. The second parcel has an existing 3 bedroom cabin and the large open area in front of this cabin has a filled in swimming pool. The third parcel has 11 guest cabins in varying conditions circling around a large open area. As part of your redevelopment plan, and with the necessary approvals, you can join the boutique hotel revolution happening in New York's Hudson Valley or create a rental community. Palenvillas! You can add a direct pathway down to the water to enjoy one of Upstate New York's greatest pleasures, a natural swimming hole! Palenville is in close proximity to Windham, Belleayre, and Hunter Mountains for skiing, hiking and all outdoor sports. It is also close to dining and other area amenities, and the HITS Horse Show grounds. Guests will have a short drive to Saugerties and further on to Woodstock and Kingston. The opportunity to develop this fantastic waterfront property with Route 32A road frontage should not be missed!Show Description
MLS® Number20244394
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1946
Stories
Pets
Corp Number

Included in Maintenance Fee

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

Utilities

Heat
A/C
Heating Fuel

Extras

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