1954 Lyell AveRochester, NY 14606

For Sale
$6,500,000

86-Key Hotel, Newly Renovated, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 86-key hotel in Rochester, NY, presents a compelling investment opportunity. Located at 1954 Lyell Ave, this two-building, five-story property boasts 53,273 square feet on a 2.81-acre lot. Built in 1990 and extensively renovated in 2023, the hotel offers a blend of comfort and modern amenities. Features include a meeting space exceeding 600 square feet, a fitness center, and ample parking for trucks and buses. The property's prime location and recent renovations position it for strong occupancy rates and revenue generation. The existing structure is robust, suggesting significant potential for value appreciation. Furthermore, the property includes an additional 20 keys on the rear lot, presenting a unique opportunity for expansion and increased revenue streams. A well-defined business plan is available to assist investors in maximizing returns. SBA financing eligibility further enhances the investment appeal, reducing the equity requirement and making this a highly attractive opportunity for investors seeking strong returns and efficient capital leverage. The property is zoned for commercial use and offers a compelling combination of immediate income potential and long-term growth prospects. This is a rare chance to acquire a well-maintained, high-performing hotel in a desirable location.

Highlights

  • 86-key hotel in Rochester, NY, offering significant value appreciation potential due to its robust construction.
  • Expansion opportunity: 20 additional keys on the rear lot allow for revenue growth.
  • Includes a comprehensive business plan to maximize investor returns.
  • SBA financing eligible, reducing equity requirements and leveraging capital efficiently.

Property Details for 1954 Lyell Ave

Property type
Other hospitality properties, Hotels
Square Feet
53,273 SF
Year Built/Renovated
1990/2023
Buildings
2
Stories
5
Lot Size (sq. ft)
122,404 SF

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1651372
Longitude
-77.6790682
1954 Lyell Ave, Rochester, New York

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1954 Lyell Ave
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