Historic Hotel Greene NY For Sale

Listing was updated at: 09/20/2020
Property Overview
Price/Rent PSF $ 920,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 26,000
Date Available 04/14/2020
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Floors 3
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This historic hotel is strategically located approximately 1/2 mile from one of the areas largest employers, Raymond Corporation. Being the only Hotel in the immediate area it creates a natural market. The site is also approximately 1/2 mile from route 12. Approximately 1/4 mile from Cummins Corporation and 20 miles from Chobani.

Warren Real Estate has been retained to exclusively represent 25 Genesee Street LLC (Owner) in the sale of existing building located at 25 Genesee Street Greene, NY 13778 (The Sherwood Hotel).

The property is a Historic Hotel located in the Village of Greene, NY. Strategically located approximately 1/2 mile from one of the areas largest employers, Raymond Corporation in an an Industrial corridor which has grown over the past 5 years. This is a 20 room Hotel with a full service Restaurant and lounge servicing the Restaurant and a separate tap room which could be used as a separate nightclub, lounge or meeting room. The property has been beautifully renovated from top to bottom. All materials used in the renovation are top quality and it is visible as soon as you walk into the Hotel. Being the only Hotel in Greene creates a truly unique business opportunity. The new owner will be able to open for business, have a ready and anxious market and will benefit from 3 separate profit centers: The Hotel, The Restaurant and the Lounge. Redevelopment opportunities are also a very viable use as the set up of this structure would make a turn key assisted living complex.