Prime Hospitality Investment Opportunity on Mirror Lake - 10-Unit Motel & 2-Family Home
Located on the banks of Mirror Lake, this 1.2-acre hospitality-zoned property offers a unique investment opportunity just 5 minutes from Downtown Kingston's waterfront and 90 miles from NYC. Formerly operating as the Lake Motel, the property consists of two adjacent parcels: a 10-unit motel and a renovated 2-family home, providing excellent potential for short- or long-term rentals.
The motel building features 10 studio units with kitchenettes, 8 of which have been completely renovated with modern finishes, including subway tile baths and updated flooring. The remaining 2 units are occupied by long-term tenants. Each unit has separate 100-amp electric service, and an 11-meter electrical panel allows for future utility separation if desired. Additional amenities include wall-mounted heating & cooling units, a complete water treatment system, and well/septic infrastructure. The building also includes a dedicated laundry room with 2 washers and 2 dryers, providing added convenience for tenants or guests.
The 2-family home, originally the motel office and owner's quarters, has been converted into two fully renovated rental units. The first-floor unit is a spacious 2+ bedroom with new natural gas forced air heat and electric hot water. The second-floor unit is a bright 1-bedroom apartment with electric heat and hot water. Each tenant pays for their own utilities.
With 200 feet of private lake frontage, this property is well-suited for hospitality use, offering boating, fishing, and winter activities such as ice fishing and skating. The private lake has no public access, ensuring a peaceful and exclusive setting. Whether continued as long-term rentals or repositioned as a boutique lakeside motel or Airbnb destination, this versatile investment presents a strong income-generating opportunity in the Hudson Valley.
Active
$1,600,000
669-671 Broadway Rt 9w, Esopus, NY 12429
13beds
--baths
4,802sqft
Hotel/Motel
Built in 1940
-- sqft lot
$1,457,300 Zestimate®
$333/sqft
$-- HOA
What's special
Winter activitiesPeaceful and exclusive settingDedicated laundry roomComplete water treatment systemSubway tile bathsStudio units with kitchenettesPrivate lake frontage
- 122 days
- on Zillow |
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