Pending
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Listed by Peter Cantine, Halter Associates Realty
THE PHOENICIA LODGE - The perfect marriage of vintage charm and modern convenience is made in this topnotch hospitality property in the heart of the Catskill Mountain Region. Reception, five motel rooms, two suites, six circa 1940 cottages and a garage space combine to total 19 bedrooms and 16 bathrooms. Buildings are spaced in a park-like setting under towering pines surrounded by hammocks, picnic tables, charcoal grills and a communal fire pit. A short walk brings you to public access to the quintessential Catskill creek, the Esopus, famous for its trout fishing, tubing and bathing. All lodging units have free wi-fi, cable TV and DVD players with free access to a DVD library. All cabins and suites have newly renovated kitchens fully stocked with cookware and dinnerware. Each motel room has its own mini-fridge and old school telephone. Current owner-operators have worked wonders on their watch! Improvements include 7 new roofs; 61 new windows; new stoves, refrigerators and appliances; and new stand by generators that power the entire property when needed. Attention to every detail has cultivated loyal return business contributing to great financials and a 9% CAP rate. There is ample room for growth. An additional two 2 bedroom suites can be monetized the and 1100 square foot brick garage is an event space waiting to happen. Included in the sale: the real property on 2 parcels; fixtures & appliances; furniture, small wares, linens, equipment & supplies for all rental units; DBA, website & social media. Sellers to provide a smooth transition for you to hit the ground running with a positive cash flow on Day 1. Two hours from the GWB, this location truly has it allāworld class natural beauty, skiing, hiking, biking, tubing, arts, culture and cuisine all in one amazing place. Near the villages of Phoenicia and Woodstock, Belleayre and Hunter Mountain ski centers and the new Ashokan Rail Trail. This is your opportunity to be a part of it all!
More Info
Basic Information
- Owner Pays All Utilities, Electricity, Gas, Insurance, Management, Oil, Repairs, Sewer, Taxes, Trash Collection, Water, Other
Rooms
- Bathroom16
- Bathrooms Total Decimal 16
Building
- Building ConstructionBrick, Frame, Stone, Wood Siding
- FireplaceYes
- Fireplace Features Living Room, Propane, Wood Burning, Other, See Remarks
- GarageYes
- Garage Spaces2
- Property StyleCabin
- Units15
- Year Built1940
Property Information
- Acreage1.4
- Lot Features Landscaped
- Lot Size Dimensions 1.4
- Lot Size Square Feet 60,984
- Lot Size Units Acres
Legal
- Zoning Description HR
Tax Information
- New Taxes Expense $12,770
- Tax Legal Description 43,2,5987 Route 28
- Taxes$12,770
Basic Information
- List Price$2,200,000
- MLS Number20240715
- Mls Status Pending
- Modification Date09/02/2024
- Property SubTypeMulti Family
- StatusPEN
- Virtual TourView Tour
Exterior
- Exterior Features Lighting
- RoofAsphalt, Shingle
Amenities
- Appliances IncludedOther, Washer, Refrigerator, Range, Oven, Microwave, Electric Water Heater, Dryer, Dishwasher
- Cooling Wall Unit(s), Window Unit(s)
- Cooling YN Yes
- Other AmenitiesFireplace
- Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
School Information
- High School DistrictOnteora Central
Parking
- Parking Features Off Street
Location
- Address5987 Route 28
- AreaShandaken
- Building Number5987
- Mls Area Minor Shandaken
- StateNY
- StreetRoute 28
- TownPhoenicia
- Zip12464
Property
- Other Structures Second Residence, Other, See Remarks
Utilities
- Electric Expense $5,243
- Heating YN Yes
- Plumbing Mixed
- Utilities Cable Available
- Waste Water DisposalCesspool
Water Body
- Water AccessPublic
Other
- Date Listed04/18/2024
- Listing Terms Lease Option
- Other Equipment Generator
- View Count26
20240715
Phoenicia, NY Demographics
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20240715
Phoenicia, NY Real Estate Market Data
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Phoenicia, NY Schools
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