Property Listing: Boutique Motel on the Seneca Wine Trail
Address: 8900 NY-414, Lodi, NY 14860
Highlights:
Price: $1.2 million
Proven income: $220,000 annually
Total of 6 units in 3 duplexes (2 units per duplex)
Over 18% cap rate as a short-term rental; 7% cap rate as a long-term rental
Great location in the Finger Lakes Region
Close to wineries, breweries, restaurants, wedding venues, and hiking trails
Room for growth and increased profitability
CLICK HERE TO SEE THE FARMHOUSE AIRBNB LISTING
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CLICK HERE TO SEE THE WINE SELLER AIRBNB LISTING
CLICK HERE TO SEE THE WINE NOOK AIRBNB LISTING
CLICK HERE TO SEE THE LAKEHOUSE AIRBNB LISTING
Nestled in the heart of the Finger Lakes region, this charming boutique motel offers an exceptional investment opportunity with proven income potential. Located along the scenic Seneca Wine Trail, just minutes from both Seneca and Cayuga Lakes, this property features three well-maintained duplexes, each with two units, providing a total of six rental units. Five of the units are active short term rentals, one of the units as a long term rental tenant who will be out by the new year.
Currently generating $220,000 in annual income, this property offers a cap rate of over 18% as a short-term rental, with ample room for further growth. As a long-term rental, the property delivers a solid cap rate of 7%, making it an attractive option for both short- and long-term investors. With its prime location between Seneca and Cayuga Lake and high demand from visitors, this motel is poised for continued success and increased profitability. Guests enjoy easy access to local wedding venues, award-winning wineries, breweries, and restaurants, as well as hiking and outdoor recreation in the Finger Lakes. The tranquil surroundings and proximity to popular destinations make this property an ideal spot for travelers seeking relaxation, adventure, or a peaceful getaway.
Don’t miss the chance to own a turnkey business with significant potential in one of New York’s most sought-after regions. This property offers a unique opportunity to capitalize on the flourishing tourism and hospitality market of the Finger Lakes, with a location that promises both stability and growth.