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5987 Route 28, Phoenicia, NY 12464

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For Sale
Sale Pending

$2,200,000

1.4 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 1.4 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

THE PHOENICIA LODGE - The perfect marriage of vintage charm and modern convenience is made in this topnotch hospitality property in the heart of the Catskill Mountain Region. Reception, five motel rooms, two suites, six circa 1940 cottages and a garage space combine to total 19 bedrooms and 16 bathrooms. Buildings are spaced in a park-like setting under towering pines surrounded by hammocks, picnic tables, charcoal grills and a communal fire pit. A short walk brings you to public access to the quintessential Catskill creek, the Esopus, famous for its trout fishing, tubing and bathing. All lodging units have free wi-fi, cable TV and DVD players with free access to a DVD library. All cabins and suites have newly renovated kitchens fully stocked with cookware and dinnerware. Each motel room has its own mini-fridge and old school telephone. Current owner-operators have worked wonders on their watch! Improvements include 7 new roofs; 61 new windows; new stoves, refrigerators and appliances; and new stand by generators that power the entire property when needed. Attention to every detail has cultivated loyal return business contributing to great financials and a 9% CAP rate. There is ample room for growth. An additional two 2 bedroom suites can be monetized the and 1100 square foot brick garage is an event space waiting to happen. Included in the sale: the real property on 2 parcels; fixtures & appliances; furniture, small wares, linens, equipment & supplies for all rental units; DBA, website & social media. Sellers to provide a smooth transition for you to hit the ground running with a positive cash flow on Day 1. Two hours from the GWB, this location truly has it all world class natural beauty, skiing, hiking, biking, tubing, arts, culture and cuisine all in one amazing place. Near the villages of Phoenicia and Woodstock, Belleayre and Hunter Mountain ski centers and the new Ashokan Rail Trail. This is your opportunity to be a part of it all!
MLS# 20240715

Courtesy Of Halter Associates Realty

(845) 679-2010

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Wall Unit(s) A/C, Window Unit(s) A/C
  • Exterior Type
    Brick and Wood, Stone, Wood Siding
  • Heating Fuel
    Oil
  • Heating System
    Central Furnace, Forced Air
  • Lot Size
    1.4 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 5987 Route 28, Phoenicia, NY 12464

Home seller CENTURY 21 Stoeckeler Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Stoeckeler Real Estate

(845) 706-4334
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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