USANYShandaken540 State Route 42
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540 State Route 42, Shandaken, NY

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,999,000

000

MLS® 823745

  • Key Facts
  • Description
  • Map

Key Facts

Type Hotel/Motel
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $5,670
Days Active 371
Approx. Age 1805
MLS® Number 823745

Property Address: 540 State Route 42, Shandaken, NY, 12480-5700

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

Description

Historic Turnkey Hospitality Investment. Major price drop to $1, 999, 000. Projected cap rate over 15%. 7, 863 SF on 1 acre with 7 renovated guest rooms and 5 additional rooms ready for expansion. Restaurant & bar generate $1, 500–$2, 000/day, 4 days/week. Urgent: Available only until year-end—property will be taken off market and integrated into owner’s new resort project. Updated mechanicals, chef’s kitchen, active full-service liquor license.—A rare Catskills commercial offering blending historic charm with modern amenities. Originally built in 1805 and fully renovated for 2025, this 7, 863 sq ft inn sits on 1 acre along Bushnellsville Creek. The second floor offers 7 guest rooms; 5 more on the third floor offer future expansion potential. The property’s rich past includes use as a stagecoach station, post office, tavern, and meeting house. Recent upgrades include new bathrooms, a chef-designed kitchen with all new appliances and pizza oven, updated heating, new artesian well, on-demand hot water, and a DEP-approved septic system. The large barn provides additional event or storage space. Fully licensed and operating as a hotel, restaurant, tavern, and package store—currently with hotel, food service, and full liquor license active. Located within the NYC Watershed protected area—where new hospitality approvals are rare—this is a turnkey opportunity. Enjoy thoughtfully preserved rustic details, wide board floors, pine ceilings, handcrafted furnishings, and mountain or creek views from nearly every room. Moments from skiing, hiking, and the hamlets of Shandaken and Phoenicia.
MLS® Number823745
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1805
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 13, 2025List Date
$1,999,000List Price
  • Commute

Commute

Starting Address
Destination Address
540 State Route 42, Shandaken, NY

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