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For Sale

$599,000

5705 State Highway 20
East Springfield, NY 13333

Bed 18 br
Bathroom 18 ba
TURN KEY RESTAURANT and MOTEL- LOCATION LOCATION LOCATION! Just a short drive from Glimmerglass State Park and the pristine Lake Otsego, this 18 Unit Motel and Restaurant is conveniently located right on State Highway 20 between Cherry Valley and Richfield Springs. Short trek to Cooperstown, Utica and the Capital District, this is an investment dream come true.With Individual heating/air conditioning, shower, tub, television, refrigerator, coffee maker, cable tv, and internet access available in each and every room. Motel has 15 double rooms w/TWO full sized beds as well as TWO adjoining rooms available to each. Many room w/kitchenette & coffee bar. 1 Single room w/a full sized bed. One handicapped room. HUGE THREE BED apartment on site for manager or owner to be able to live on property as well. Restaurant is completely turn key, and comes equipped w/ 2 grills/hood in back, one in front. Walk in freezer, walk in cooler and TONS of storage. All pots, pans, plates, cups and the like are INCLUDED in this sale. Large front dining room w/booths and counter top, as well as a LARGE BUFFETT room complete with warming and cooling stations. ALL FULLY FURNISHED.Online reviews (most recent operator) NO LESS than 4 stars.Your dream is waiting! Call me for a shwoing TODAY! Read More

Market Status
Available
Last Updated
May 11, 2022

Property Type
Commercial Property
Bedrooms
18 BR
Baths
18 full BA
Basement
-
Roof
Asphalt
Property Type
Commercial;
Additional Areas
Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath; Full Bath

Local Market Conditions

There are currently 227 properties for sale in the Otsego County, NY area with the average listing price of $344,254. This represents a decrease of -6.6% over the previous week. The 4 bedroom homes saw the largest decrease in the average listing price over the previous week with a -5.7% decrease. To learn more about the Otsego County, NY area, contact a local expert!

Market Snapshot for Otsego County, NY

Avg. Listing Price

$344,254

Wk ending May 14

$-24,156

-6.6%

w-o-w

227

25

15

10

5

Average Listing Price for Otsego County, NY
No. BedroomsNo. Beds Week Ending
(May 14)
w-o-w Week Ending
(May 7)
Week Ending
(Apr 30)
Week Ending
(Apr 23)
All PropertiesAll $344,254 -6.6% $368,410 $370,995 $378,069
1 bedroom1 BR $221,500 +0.0% $221,500 $221,500 $221,500
2 bedrooms2 BR $199,585 -1.6% $202,819 $197,248 $175,794
3 bedrooms3 BR $242,171 -3.7% $251,540 $255,214 $256,027
4 bedrooms4 BR $420,459 -5.7% $445,772 $453,515 $441,802

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Listing Provided By:

Hillary Bass LaDuke

John Mitchell Real Estate

Phone
This $599,000 Commercial Property at 5705 State Highway 20 in East Springfield, NY is offered by Hillary Bass LaDuke. This $599,000 Commercial Property, located in the 13333 zip code, has the following property features: Basement, Roof, Additional Areas, Property Type. This 5705 State Highway 20 Commercial Property is listed under MLS listing number 130840, has 18 beds, 18 baths, and has a listing price of $599,000. You can find more East Springfield homes for sale here.

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