5 Beds
6,934 SqFt
5 Beds
6,934 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,934 sqft
Price per Sqft $70
MLS Listing ID R1690456
Bedrooms 5
Construction Status Existing
HOA Y/N No
Year Built 1886
Annual Tax Amount $6,700
Lot Size 2.940 Acres
Acres 2.94
Lot Dimensions 350X400
Property Sub-Type Commercial
Property Description
Commercial investors and hospitality visionaries, secure a lucrative opportunity in the booming Catskills market. Historically known as the "House on the Hill," this landmark 1886 property spans 3 pristine acres of unrestricted potential in Hobart's historic Book Village. It delivers an immediate, turnkey income revenue from five completely renovated, fully occupied independent apartments. Massive financial upside awaits an investor ready to more than double this active rental income simply by transitioning these five turnkey units into high-occupancy short-term vacation rentals.
Beyond the steady apartment income, the main building is a hospitality developer's dream: masterfully reconfigured into seven full hotel rooms, with a private, high-end luxury bathroom added to units. Complete with a large eat-in country kitchen kitchen featuring dual independent ranges, the layout is perfectly curated for an all-inclusive boutique hotel, B&B, or event compound. A massive, permanent profit driver is right at your doorstep: the region's premier wedding industry is booming, and local barn and farm venues draw massive crowds but face a severe lodging shortage. This compound perfectly captures that market as an inclusive event space to host welcome parties, morning-after brunches, & guest lodging. The striking aesthetic and natural light also make it an ideal destination for high-end commercial photoshoots and mid-week corporate retreats looking for a Upstate escape.
The exceptionally guest-friendly layout includes a private rear staircase flowing straight into the kitchen, ensuring maximum privacy for guest groups. The expansive 3-acre grounds offer a magnificent blank canvas to create an enclosed resort compound complete with pathways, fire pits, curated gardens, and offshoot tiny homes or cabin rentals. Positioned in an ever-growing tourist corridor between Margaretville, Delhi & Stamford, the location captures permanent, four-season drivers, sitting directly between 4 premier ski mountains and right off major regional snowmobile trails. Seller is NYS Licensed Real Estate Salesperson
Location
State NY
County Delaware
Area Hobart-Village-125201
Direction Turn onto Cornell Ave. Make left on treelined private road taking you to the large victorian in the center of the cul de sac
Rooms
Basement Full
Interior
Heating Propane, Oil, Steam
Cooling Wall Unit(s)
Flooring Hardwood, Varies
Fireplaces Number 2
Fireplace Yes
Appliance Convection Oven, Oil Water Heater, Propane Water Heater, Refrigerator
Exterior
Exterior Feature Dirt Driveway, Gravel Driveway, Propane Tank - Leased
Community Features Fitness
Utilities Available Sewer Connected, Water Connected
Roof Type Membrane,Metal,Rubber,Rolled/Hot Mop
Garage No
Building
Lot Description Cul-De-Sac, Irregular Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Attic/Crawl Hatchway(s) Insulated,Frame,Structural Insulated Panels,Vinyl Siding
Construction Status Existing
Schools
School District South Kortright
Others
Senior Community No
Tax ID 125201-069-017-0003-022-111
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS