Commercial: MLS #R1651312 Watkins Glen, NY $ 1,200,000
Commercial: MLS #R1651312
$ 1,200,000
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Commercial: MLS #R1651312

Watkins Glen, NY, 14891
$ 1,200,000
Bedrooms-- Baths-- Sq 3,192

Monthly Estimate*

$ 7,486

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Commercial Property for sale in Watkins Glen, NY

for $1,200,000. This 3,192 square foot building was built in 1944 on a lot size of 0.77.

This laid-back resort has a "home with a lake included" experience. 2 parcels combined. 1 with house and adjacent parcel is 5 units. 5 electric meters , including 1 at the beach. The accommodations consist of (1) a three-bedroom house, (2) two-bedroom cottages, (1) a one-bedroom cottage, and (2) one-room bungalows. Each unit features a full kitchen, deck with comfortable furniture and a gas grill, all boasting picturesque views of Seneca Lake. Admiral Peabody's is dog-friendly and provides a large grassy area with a communal fire pit. Guests can enjoy over 200 feet of lake frontage with 2 substantial dock complexes equipped with tables, chairs, and a swing, perfect for soaking in the sun , boating and fishing while enjoying the refreshing lake waters. Wi-Fi extends throughout the property. All units have linens, towels, flat-screen TVs with cable, coffee makers, microwaves, fridges, and blow dryers. Larger units also feature full kitchens with cookware, plates, and utensils, and most offer a pull-out couch or futon included . Individual A/C units ensure comfort in each unit's accommodation and 10 off street parking spaces. Maintenance room has 3 washer and dryers included for easy turn over of units and a managers office. Privacy ensures tranquil surroundings on a dead end street. Everything stays ( Except the tools). Bookings are coming in for 2026.

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 13,480

Style

Commercial

Lot Size

0.77

Year Built

1944

Town/City

Watkins Glen

County/Region

Schuyler

MLS | Web ID

R1651312

Features
General
Sewer PublicSewer
Heating Electric Gas Other SeeRemarks Baseboard ForcedAir HotWater
Cooling Other SeeRemarks
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow Other SeeRemarks
Roof Asphalt
Zoning Commercial
Construction Materials AtticCrawlHatchwaysInsulated Block PreCastConcrete Frame
School District Watkins Glen
Year Built 1944
Electric Volts240
Stories Count 1
Township Not Applicable
Levels One
Property Subtype Commercial
Current Use HotelMotel
Gross Income 147000.0
Business Type HotelMotel
Waterfront Features BeachAccess Lake
Business Name Admiral Peabody LLC
County Schuyler
Net Operating Income 86520.0
Operating Expense 47000.0
Property Type CommercialSale
Possible Use HotelMotel Other Residential ServiceBusiness
Building Features Office Other SeeRemarks
Status Active
Directions Heading north out of Watkins Glen in less than a mile turn right onto Reading Rd turn left onto Salt Point Rd and property is on your left.
High School Watkins Glen Central High
City Reading
Body of Water Seneca Lake
High School District Watkins Glen
Zoning Description Other - See Remarks
Number Of Units Total 6
MLS Area Reading-443289
Lot Size Units Acres
Lot Size Square Feet 23958.0
Elementary School Watkins Glen Elementary
Year Built Details Existing
Tax Annual Amount 13480.0
Middle/Junior High School Watkins Glen Middle
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Watkins Glen
Elementary School District Watkins Glen
Tax Assessed Value 978300
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 15
Property Sub Type Additional Commercial Other
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Interior
Basement Full Partial
Flooring Carpet Hardwood Linoleum Varies Vinyl
Total Fireplaces 0
Total Stories 1
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Common OnSite
Lot Features Rectangular RectangularLot
Water Source Public
Total Parking 10.0
Inclusions Inventory Land Building and Business Other - See Remarks
Lot Size Area 0.77
Number of Buildings 5
Building Area Total 3192.0
Lot Dimensions 142X154
Lot Size Acres 0.77
Waterfront Y/N Yes
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Internal Only
Street Number 1 0
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* Excluded Features
List By
Keller Williams Realty Gateway

Broker

(585) 256-5408

Phone

Affordability Calculator

$8,610
Per Month
87%
13%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$1,123
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3323081 Elementary School
3323969 Middle School
Watkins Glen Central High High School
Pricing History
DatePricePrice ChangeDescription
11/17/2025$1,200,000 Listed Price

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