Best Inn | 3186 Andover Rd
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Best Inn 3186 Andover Rd
20 Room Hotel Wellsville, NY 14895 £744,135 (£37,207/Room) 11.09% Net Initial Yield
Investment Highlights
- Recently Renovated
- 7038 Sqft with 21 Keys
- Owners/Managers Suite
Executive Summary
Presenting a unique Hospitality offering in the Western New York
Submarket with outstanding Metrics in the Economy & Midscale
Class with an Occupancy of 64.6%, an ADR of $114.05 and a
RevPAR of $73.62 for the Submarket. Making this 7,038 SF Inn with
21 Rooms an incredible investment opportunity. 11 of the 21 keys
have undergone recent renovations and the property features a
large Owners/Managers Suite. This In close proximity to Alfred
State College, Alfred University, and Houghton University creating
the backdrop for impressive growth opportunities.
Ljungström's 285,838 SQFT headquarters are located directly
across from the Best Inn in Wellsville, New York, and in addition to
having approximately 350 employees on staff, there is a constant
flow of subcontractors that stay at The Best Inn.
Ljungström has six global manufacturing facilities, and is known
for being a leader in energy recovery equipment and technology.
They are also known for being pioneers of air preheater
technology and gas-gas heater systems, and off shore wind Technology.
Submarket with outstanding Metrics in the Economy & Midscale
Class with an Occupancy of 64.6%, an ADR of $114.05 and a
RevPAR of $73.62 for the Submarket. Making this 7,038 SF Inn with
21 Rooms an incredible investment opportunity. 11 of the 21 keys
have undergone recent renovations and the property features a
large Owners/Managers Suite. This In close proximity to Alfred
State College, Alfred University, and Houghton University creating
the backdrop for impressive growth opportunities.
Ljungström's 285,838 SQFT headquarters are located directly
across from the Best Inn in Wellsville, New York, and in addition to
having approximately 350 employees on staff, there is a constant
flow of subcontractors that stay at The Best Inn.
Ljungström has six global manufacturing facilities, and is known
for being a leader in energy recovery equipment and technology.
They are also known for being pioneers of air preheater
technology and gas-gas heater systems, and off shore wind Technology.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £744,135 | Building Size | 7,038 SF |
| Price Per Room | £37,207 | No. Rooms | 20 |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 11.09% | Year Built/Renovated | 1959/2024 |
| Property Type | Hospitality | Parking Ratio | 4.12/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.70 AC |
| Price | £744,135 |
| Price Per Room | £37,207 |
| Sale Type | Investment |
| Net Initial Yield | 11.09% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.70 AC |
| Building Size | 7,038 SF |
| No. Rooms | 20 |
| Number of Floors | 1 |
| Year Built/Renovated | 1959/2024 |
| Parking Ratio | 4.12/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | £42.30 | - |
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PROPERTY TAXES
| Parcel Number | 027089-226-000-0001-020-000-0000 | Total Assessment | £140,994 |
| Land Assessment | £20,522 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £120,472 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
027089-226-000-0001-020-000-0000
Land Assessment
£20,522
Improvements Assessment
£120,472
Total Assessment
£140,994
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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Best Inn | 3186 Andover Rd
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