128 Rooms River Front Boutique Hotel for sale at International Border/Canadian Border
Price $ 11,300,000 offered at the CAP rate of 8% with the Gross Revenues of $ 3,054,431 and Net Income of $ 1,009,067 based on 2019 financials.
The hotel is located on the western side of Holland Street in Alexandria Bay, NY and along the Lawrence River and is close to Interstate 81 highway. Due to the waterfront location of the hotel, visibility is deemed to be excellent within the Alexandria Bay area along the St. Lawrence River. The hotel is also accessible by boat from the St. Lawrence River as the hotel has approximately 2,000 linear feet of docking space at its marina.
- Wireless Internet
- Game Room
- Indoor Pool, Hot Tub, Sauna
- Fitness Room
- Outdoor Pool and Hot Tub
- Hair Salon
- Meeting capabilities include
- Access to Internet connections
- Flip charts
- Overhead projector and screen podium
- TV and DVD player
Jefferson County is located in northern New York State, approximately 60 miles north of Syracuse. The County borders Lake Ontario to the west, the St. Lawrence River to the north, St. Lawrence County to the northeast, Lewis County to the east, and Oswego County to the south.
Jefferson County is part of the “North Country” of New York State, and is considered part of the “Thousand Island Region”, an international recreation and tourism destination comprised of over 1,080 islands in the St. Lawrence River Valley. The major portion of the Thousand Islands Region is located in Jefferson County, between the United States mainland and the Canadian Province of Ontario. The County encompasses 1,293± square miles, making it the ninth largest county in New York State. A map of Jefferson County is presented below. The City of Watertown, which is approximately 30.0 miles south of the subject, is the Jefferson County seat. The main highways into the community are Route 81, Route 11, and Route 3. Watertown is situated on the Black River, near Fort Drum, Sackets Harbor, Adams Center, and Alexandria Bay. The city is approximately one hour from Kingston, Ontario, and Syracuse, New York.