5571 State Rt 5, Herkimer, NY 13350 | S1307449 | HUNT Real Estate

5571 State Rt 5 $250,000

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    5571 State Rt 5 Herkimer, NY 13350

    • 7,347 sq. ft.
    • Commercial
    • MLS# S1307449
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    Views: 155 Days On Site: 442

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    Property Details

    Description Tours

    Investor opportunity. This once thriving Motel is available now. The property is 20 room Motel with a single family home once owner occupied and operated. The property is in need of some major upgrades and renovations. The single family home has fire damage and needs entire gut and remodel. The 20 motel rooms need to be renovated and brought to code requirements per town of Herkimer. More details will be provided to qualified buyer.

    • General Features
      • Waterfront Y/N 0
      • YearBuilt 1955
      • Area Herkimer-213089
      • Tax Annual Amount $8,889
    • Building Features
      • Building Area Total 7347
      • Number Of Units Total 0
      • Roof Asphalt
      • Heating Gas, Forced Air
      • Heating Y/N 1
    • Property Features
      • Lot Size Dimensions 412X295

    Contact

    Bernadette Catlin

    Bernadette Catlin

    Licensed Real Estate Salesperson

    Greece Branch

    Cell: 585-451-4975

    Neighborhood

    13350 (Herkimer) Demographics

    51 Median Age
    316 Population Density (per sq. mile)
    30% College Educated
    $50,961 Estimated Median Income
    2,452 Estimated Total Home Owners
    1,700 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    9,786 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $114,500 Median Sales Price
    5 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $250,000
        12/9/2021 12:29:08 PM Price Increased Source: Multiple Listing Service New Value: $250,000 25.06%
        8/23/2021 9:59:21 PM Price Reduced Source: Multiple Listing Service New Value: $199,900 -10.76%
        11/11/2020 10:29:00 PM New in Database Source: Multiple Listing Service New Value: $224,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.