Description
A singular chance to buy a historic hotel, and convert it into apartments or condos! Located in the heart of the Catskill Mountains in the Hamlet of Lexington. Located just 12 minutes from Hunter Mountain, this is a significant opportunity to create a unique hospitality offering in booming Catskills market. The Lexington Hotel was last operated in 2003 as a 21 room hotel, taproom and restaurant. Sited along and looking out over the Schoharie Creek, it was once the buzzing heart of this small and idilic mountain Hamlet, and it's waiting for an enterprising hotelier to bring it back to life. Stepping through the doors is a complete time warp - this is not a project for the faint of heart, but it is well worth the reward. A complete rehabilitation is required, including significant structural, mechanical and cosmetic work. The sale includes multiple other buildings and land parcels, creating a feasible hospitality or commercial development portfolio. These include: the adjacent small historic Post Office / General Store also in need of restoration, and three (3) additional land parcels. One parcel is along the creek, one is across the street and has beautiful old growth trees and an outbuilding, and the third is a sizable field with a historic post and beam barn that needs to be rebuilt or disassembled.This is an Estate Sale, and the property is being sold AS-IS. Only cash offers will be considered, and proof of funds and a signed liability waiver are required to schedule a showing.
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21BEDS
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3.67ACRES
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0BATHS
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01/2 BATHS
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8,220SQFT
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$43$/SQFT
Description
A singular chance to buy a historic hotel, and convert it into apartments or condos! Located in the heart of the Catskill Mountains in the Hamlet of Lexington. Located just 12 minutes from Hunter Mountain, this is a significant opportunity to create a unique hospitality offering in booming Catskills market. The Lexington Hotel was last operated in 2003 as a 21 room hotel, taproom and restaurant. Sited along and looking out over the Schoharie Creek, it was once the buzzing heart of this small and idilic mountain Hamlet, and it's waiting for an enterprising hotelier to bring it back to life. Stepping through the doors is a complete time warp - this is not a project for the faint of heart, but it is well worth the reward. A complete rehabilitation is required, including significant structural, mechanical and cosmetic work. The sale includes multiple other buildings and land parcels, creating a feasible hospitality or commercial development portfolio. These include: the adjacent small historic Post Office / General Store also in need of restoration, and three (3) additional land parcels. One parcel is along the creek, one is across the street and has beautiful old growth trees and an outbuilding, and the third is a sizable field with a historic post and beam barn that needs to be rebuilt or disassembled.This is an Estate Sale, and the property is being sold AS-IS. Only cash offers will be considered, and proof of funds and a signed liability waiver are required to schedule a showing.
© 2023 Columbia Greene and Northern Dutchess MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or M. Vicki Wolpert | Keller Williams Hudson Valley North. Data last updated: 2023-06-04T22:46:22.723.