State Rte 17 W, Parksville, NY 12768

Asking Price: $1,195,000

Earnest Money Deposit: 10% min.

Address: 960/968 Parksville Rd, Parksville, NY 12768 or 7234 Route 17 W, Parksville, NY 12768

Jurisdiction: Town of Liberty

Details

Property Type: Hospitality

Subtype: Motel, Diner, Stream Fly Fishing Access

Square Footage: 6,000, two stories

Occupancy: Vacant

Keys: 23 (22 rooms plus manger’s apt.)

Year Built: 1990

Buildings: 1

Stories: 2

Zoning: C

Lot Size (acres): 2.42

Broker Co-Op: Yes

APN: 483689 5.-1-18.2

Marketing Description

For registration requirements and regulations, please review here or contact Audrey Hanna | 989-277-5400 | ahanna@crexi.com.

Introducing the Sullivan Motel & Diner, an incredible investment opportunity located at 960 and 968 Parksville Rd in Parksville, NY 12768. This captivating property features 23 rooms, a modular diner, and a picturesque stream surrounded by lush green space. Extra value items for this property include an upgraded high quality septic system, and ability to expand by placing cabins on the stream border!

With updated sewer and water and tremendous potential to expand, the Sullivan Motel & Diner is perfectly situated next to a frequented gas station and diner, attracting truckers and providing endless possibilities for growth. The property's charming stream and ample green space further enhance its appeal, providing a serene atmosphere for guests to unwind after a long day on the road. This property is vacant and needs some updating. One room suffered a fire and will need repair.

Seller is offering a First Purchase Money Mortgage without any subrogation rights: 30% down, balance of 70% at 6% interest-only monthly up to five (5) years, with no fees or prepayment penalty. Don't miss out on this incredible hospitality opportunity. Act now and seize the chance to transform this property into a thriving truck stop, motel and fly fishing destination on the famous picturesque Little Beaver Kill Stream!

· Non-Contingent

· Earnest Money Deposit is Greater of $20,000 OR 10% of the Purchase Price

· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum

· $10,000 Participation Deposit

Owner financing:

30% down,

70% @6% interest-only monthly

up to five (5) years
No prepayment penalty or fees.