541 Route 52 | Image 1
541 Route 52 | Image 2
541 Route 52 | Image 3
541 Route 52 | Image 4
541 Route 52 | Image 5
541 Route 52 | Image 6
541 Route 52 | Image 7

$799,000

For Sale

A year ago

539 - 541 Route 52, Carmel, NY

House

MLS® 869737

0 Bed

0 Bath

--

--

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $25,663
Days Active 438
Lot Size 
Approx. Age 1930
MLS® Number 869737

Property Address: 539-541 Route 52, Carmel, NY, 10512-6065

Average square foot calculated using Size range provided by listing agent.

Description

4-Unit Apartment Building PLUS Rehab Opportunity Motel (11 rooms in the MOTEL and they CANNOT be converted to Apartments) in Scenic Rural Setting on 7.5 acres. This Rare opportunity to acquire a unique income-producing property with tremendous upside potential. This offering includes a fully occupied 4-unit apartment building and an adjacent motel in need of complete renovation—both situated on a spacious lot in a quiet, picturesque rural location. The apartment building features four separate units, each with private entrances, ample parking, and steady rental income. The structure is well maintained, with separate utilities and strong tenant history. Next door, the motel includes multiple rooms, but it requires significant rehabilitation to bring it back to operational status. For the right buyer, this presents an incredible value-add opportunity. Whether converted into updated lodging, extended-stay rentals, or even short-term vacation units, the potential is limitless. With beautiful natural surroundings overlooking the shores of Lake Carmel, convenient road access, and room to expand or reimagine the site, this property is perfect for investors, developers, or entrepreneurs seeking a mixed-use asset in a tranquil setting. This is an excellent opportunity for value-add investment or redevelopment with expansion potential. Rural setting, yet on a well-traveled road with approximately 7, 200 cars that pass this unique property per day. Close to Route I-84. Bring your vision and unlock the full potential of this one-of-a-kind property. Great expansion and vision to be repurposed as a Bed and Breakfast or small retail plaza with residential rentals above. Current income in the 4 unit is $66, 600 NOT including the Motel that needs work!
MLS® Number869737
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
BasementNone
DrivewayParking Lot
Garage Spaces
HeatElectric, Oil
A/CWall/Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 5, 2025List Date
$799,000List Price
Jul 17, 2026End Date
$550,000Sold Price

Sold

Jun 5, 2025List Date
$799,000List Price
  • Commute

Commute

Starting Address
Destination Address
541 Route 52, Carmel, NY

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties