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Commercial in Orange County
MLS Number6004147
Address76 Willow Avenue, Cornwall, NY 12518-1430 show map
Price$849,999 show mortgage calculator
Acres0.0000
Year Built1910
Est. Sq. Footage8690
ZoningCommercial
Current Uses
Permitted Uses
Remarks

Rare development or investment opportunity in Cornwall, NY. The Maplehurst Inn is located directly in the Town of Cornwall and features 18 bedrooms and 4 bathrooms on over 3 acres of flat land. This fully rented rooming house was renovated in 2018 with new bathrooms, a newly installed sprinkler system, and a refinished main lobby. The property is located directly in town, with close proximity to Main Street and all shopping. Current zoning(without variances) calls for 6 single family homes or the building can be left as a rooming house. Cap rate is 6.5%. Rents are below market value due to a significant number of long term tenants.

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