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Shorewood Inn 1399 Main Road 20 Room Hotel Riverhead, NY 11901 $6,163,695 CAD ($308,185 CAD/Room) 9.11% Cap Rate
Investment Highlights
- Property is Strategically Located in Close Proximity to Vineyards, Wedding venues, Up-Scale restaurants, and Much More.
- Two Separate Lodging Buildings with Convenient Exterior Corridor Access on an Extremely Busy Highway.
- 3 Bedroom Residential House Directly Adjacent to Property can be added to the sale
- Property has 20 Rooms Plus Laundry Room and Outside Multi-Purpose Garden Area.
- Reliable Year-Round Revenue from Wine Tourism and Event Traffic.
Executive Summary
Presenting a rare opportunity to acquire the Shorewood Inn! A distinguished and highly profitable hospitality property with a unique and powerful strategic position, allowing it to capture significant market share from Long Island's two premier destinations: the North Fork and the Hamptons.
The Shorewood Inn serves as a central hub for the North Fork's celebrated vineyards and wedding venues, driving robust, year-round business from wine tourism and special events. Simultaneously, its close proximity allows it to attract Hamptons-bound travelers, providing access to world-class beaches and nightlife while capturing valuable overflow from the often sold-out market. This ability to draw from two distinct, high-demand regions ensures diversified revenue streams and high occupancy, establishing it as a premier asset for any investor seeking reliable returns from one of New York's most desirable destinations.
330 Washington Avenue is an adjacent 3 Bedroom residential property that could also be included as a portfolio sale.
Do not visit the property without an appointment!
The Shorewood Inn serves as a central hub for the North Fork's celebrated vineyards and wedding venues, driving robust, year-round business from wine tourism and special events. Simultaneously, its close proximity allows it to attract Hamptons-bound travelers, providing access to world-class beaches and nightlife while capturing valuable overflow from the often sold-out market. This ability to draw from two distinct, high-demand regions ensures diversified revenue streams and high occupancy, establishing it as a premier asset for any investor seeking reliable returns from one of New York's most desirable destinations.
330 Washington Avenue is an adjacent 3 Bedroom residential property that could also be included as a portfolio sale.
Do not visit the property without an appointment!
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $471.18 CAD | - |
| Guest Room | 18 | $320.51 CAD | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0600-068-00-03-00-014-000 | Improvements Assessment | $173,835 CAD |
| Land Assessment | $45,271 CAD | Total Assessment | $219,106 CAD |
Property Taxes
Parcel Number
0600-068-00-03-00-014-000
Land Assessment
$45,271 CAD
Improvements Assessment
$173,835 CAD
Total Assessment
$219,106 CAD
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Shorewood Inn | 1399 Main Road
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