Idlwilde Inn | 1 Lakeview Ave
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Idlwilde Inn 1 Lakeview Ave
15 Room Bed and Breakfast Watkins Glen, NY 14891 £2,151,738 (£143,449/Room) 8.03% Net Initial Yield
Executive Summary
Nestled in the heart of the Finger Lakes Wine Country, Idlwilde Inn offers a rare opportunity to own a piece of history in the charming village of Watkins Glen. This majestic 18-room Victorian mansion, built in 1892, exudes timeless elegance and has been meticulously restored to capture its original grandeur.
Boasting 3 acres of beautifully landscaped gardens with stunning views of Seneca Lake, the Inn provides a serene retreat for guests seeking a peaceful getaway. The property features a variety of well-appointed guest rooms, a grand parlor, a formal dining room, and spacious porches perfect for relaxing and taking in the picturesque surroundings.
Ideally located just minutes from Watkins Glen State Park, the world-famous Watkins Glen International Raceway, and dozens of local wineries and breweries, Idlwilde Inn is an established and highly-rated destination for travelers. This turn-key bed-and-breakfast business presents an incredible opportunity for investors or hospitality entrepreneurs looking to capitalize on the thriving Finger Lakes tourism industry.
Whether you're drawn to the historic charm, the idyllic location, or the strong revenue potential, Idlwilde Inn is a rare gem awaiting its next chapter.
Note: Property must be purchased with additional 4 parcels totaling 2 acres being sold at $500,000 for each lot.
Boasting 3 acres of beautifully landscaped gardens with stunning views of Seneca Lake, the Inn provides a serene retreat for guests seeking a peaceful getaway. The property features a variety of well-appointed guest rooms, a grand parlor, a formal dining room, and spacious porches perfect for relaxing and taking in the picturesque surroundings.
Ideally located just minutes from Watkins Glen State Park, the world-famous Watkins Glen International Raceway, and dozens of local wineries and breweries, Idlwilde Inn is an established and highly-rated destination for travelers. This turn-key bed-and-breakfast business presents an incredible opportunity for investors or hospitality entrepreneurs looking to capitalize on the thriving Finger Lakes tourism industry.
Whether you're drawn to the historic charm, the idyllic location, or the strong revenue potential, Idlwilde Inn is a rare gem awaiting its next chapter.
Note: Property must be purchased with additional 4 parcels totaling 2 acres being sold at $500,000 for each lot.
Property Facts
| Price | £2,151,738 | Building Size | 9,612 SF |
| Price Per Room | £143,449 | No. Rooms | 15 |
| Sale Type | Investment | Number of Floors | 3 |
| Net Initial Yield | 8.03% | Year Built/Renovated | 1892/2011 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Bed and Breakfast | Parking Ratio | 1.46/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.59 AC |
| Price | £2,151,738 |
| Price Per Room | £143,449 |
| Sale Type | Investment |
| Net Initial Yield | 8.03% |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | B |
| Lot Size | 2.59 AC |
| Building Size | 9,612 SF |
| No. Rooms | 15 |
| Number of Floors | 3 |
| Year Built/Renovated | 1892/2011 |
| Tenancy | Single |
| Parking Ratio | 1.46/1,000 SF |
| Corridor | Interior |
Amenities
- Balcony
- Room Service
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | £285.59 | - |
| Guest Room | 8 | £194.83 | - |
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PROPERTY TAXES
| Parcel Number | 442401 65.13-8-6 | Improvements Assessment | £560,234 |
| Land Assessment | £202,655 | Total Assessment | £762,889 |
PROPERTY TAXES
Parcel Number
442401 65.13-8-6
Land Assessment
£202,655
Improvements Assessment
£560,234
Total Assessment
£762,889
zoning
| Zoning Code | NA |
| NA |
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Idlwilde Inn | 1 Lakeview Ave
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