Palm Gardens Motel
Hospitality | 10.00% CAP
Marketing description
This well-kept 16-room motel comes with a bar and a separate residence.
Investment highlights
Well established and maintained 16-room motel, with bar and separate residence
Turnkey operation
175 feet of frontage on Buffalo Street (Route 438)
Located in the charming Gowanda Village Historic District with popular cultural events, festivals and entertainment
On snowmobile trail, and close to hunting, Zoar Valley hiking trails and waterfalls
Two minutes to Seneca Nation Cattaraugus Territory
Proximate to Holiday Valley & Kissing Bridge ski resorts and Highmark Stadium, home of the Buffalo Bills
The nearest lodging option within 17 miles
Full, dry basement with voluminous storage capacity
Walk-in cooler, freezer and commercial laundry
Seller may hold mortgage for a qualified buyer
Excellent opportunity for growth
10% cap rate
Average daily traffic count: 9,942 vehicles
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