60 Acre Hotel / Resort / NYC Getaway For Sale
Twin Lakes is an income investment property centrally located in New York Catskills region. There has been a huge influx of weekenders from NYC in recent years, and the current ownership does not have the time or resources to take advantage of the opportunity at hand. The property, centered between New Paltz, Kingston, Woodstock, and Rhinebeck is complete with 9 cabins, 7 motel rooms, a three bedroom rental house, and a fully refurbished stone house built in the 1600's. The property also boasts two pristine lakes, an olympic size pool, two gazebos, an indoor banquet facility and commercial kitchen, and an outdoor pavilion and bar that seats 300. Located only three miles from uptown Kingston's bus terminal with service to Manhattan in just 90 minutes.
Huge potential for income growth through renovation and additional cabin development
INCOME:
1. Cell Tower - $2,500/mo
2. 3 Bed Rental House - $2,000/mo
3. 15 Cabins/Motel Rooms - $15,000/mo
4. Stone house with huge AirBnB potential - built in 1600's and fully refurbished - $3-400/night
5. Location/Site fees (weddings, parties and family reunions)
6. Potential and demand for additional developmentThere
7. Use your imagination!
Includes all FF&E:
• Full commercial kitchen
• 300+ person indoor banquet facility with fully built out copper bar
• 300+ cushioned banquet chairs
• 600+ wooden and plastic banquet chairs for weddings/parties
• Pool furniture
• Pickup truck with snow plow
• Two snowmobiles and two ATV's
Site manager, cleaning / maintenance staff that have been with the property for 20+ years are staying in place, willing able and eager to work! This is an incredible opportunity for someone looking for a cash flowing investment property in the form of a weekend retreat. The owners of the property have operated the resort for 20+ years and are ready to move on. They would consider an outright sale of the property, or exchanging into the following real estate opportunities: Multifamily apartments, Mixed Use, Retail, Industrial, MiniStorage,orNNN.
Make us an offer!
Keywords: Catskills, resort, real estate, investment property, for sale, commercial, upstate, Hudson valley, land, cabins, motel, hotel, fishing, mountains, retreat, resort.