ULTIMATE CATSKILLS HOSPITALITY COMPOUND: 7-ROOM BOUTIQUE HOTEL + 5 INCOME UNITS 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 & right off major regional snowmobile trails. Seller is a NYS Licensed Real Estate Salesperson
Listing By
Agency Name: Jewett and Jewett LLC
Agency Contact: 561-542-1885
Shown By
Agent Name: Sharon Ciminelli
Agent Phone: (716) 510-7489
Agency Title: MJ Peterson Real Estate
Estimated Payment
$ 1,889.95 per month $1,177.32 Principal & Interest $558.33 Property Tax $154.29 Homeowner's Insurance
171 Cornell Avenue | MLS# R1690543
This home located at 171 Cornell Avenue, Stamford, NY 13788 is currently listed for sale with an asking price of $529,000. This property was built in 1886 and has 5 bedrooms and 4 full baths with 6934 sq. ft. Cornell Avenue is located within the South Kortright school district. Search Stamford real estate on www.sharonciminelli.com today.