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14311 Route 9W is a Motel that is fully approved to be converted into 16 new apartments, then there is a +/- 2,500 square foot renovated 4 bedroom single family home that is rented and a large manager office (that could be converted into a Studio apartment) and then a large laundry facility area. There are two motel strips that are framed out for 16 new apartments (8 apartments in each strip, the property is being offered (at the asking price) with the Motel fully framed and all exterior work closed in. There is lots of flat usable land for tenant enjoyment or additional accessory buildings. The Town said storage units are possible on the property with Site Plan approval. See the attached income and expense sheet, the house is rented month-to-month for $1,950 a month, and the motel income for the conversion into 16 new apartments is projected. There is one new septic system and all additional info is attached to the associated doc's. Call for more details.
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Listing information last updated on December 7th, 2023 at 12:05pm EST.