CENTURY 21 Chesser Realty
607-432-7653
416 Chestnut Street
Oneonta, NY 13820

50 Pioneer St., Cooperstown, NY 13326 - MLS# 114110

$1,500,000

The HISTORIC Pratt Hotel is for sale!! HUGE opportunity to be able to own a part of history in Cooperstown! The main hotel building which is just off of Main St. houses two separate first floor locations, both with kitchens. The left side space is currently an operating tavern/restaurant, popular among the locals. The right side space is currently vacant yet has been cleaned out and renovated into an elegant space almost ready for business. (Also currently for lease.) The second and third floor will need renovation, the third is completely gutted with a fire sprinkler system there waiting for installation. Both floors have good bones. The carriage barn turned hotel in the rear of the main hotel grounds houses 8 finished rooms which each rent at a total of $1165/week in the 13 weeks of DreamsPark season. There are 3 additional rooms that are currently being used as living quarters that could be transformed into rooms as well for more income. Laundry facilities, vending, change machines, and business center all available for guests of the hotel. The opportunity for income in this one piece of property is immense!

General Features

  • County: Otsego
  • Property Type: Commercial Sale
  • Property Subtype 1: Commercial
  • Zoning: Commercial

Exterior Features

  • Acres: 0.2900
  • Lot Measurement: Acres
  • Lot Size Source: (Tax Records)
  • Lot Square Footage: 12,632
  • Construction: Frame
  • Docks: No
  • Insulation: Yes
  • Over Head Doors: No
  • Parking: Small lot behind Tavern
  • RR Side: No

Interior Features

  • Bedrooms: 21.00
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Square Footage: 13,361
  • Square Footage Source: Tax Records
  • Basement: Full,Walk-Out
  • Elevator: No
  • Floors: Carpet,Vinyl,Wood,Wood Laminate

Utility Features

  • Electric: NYSEG, Phase 3
  • Sewer: Public Sewer
  • Water: Public

Financial Features

  • Terms: Cash
  • Assesment: 630000.00
  • Tax Id: 131.06-2-45.00
  • Est. Gross Income: 0.00
  • Est. Net Expense: 0.00
  • School Tax: 7239.19
  • Town/County Tax: 2014.17
  • Village/City Tax: 6650.60
  • Water/Sewer Fee: 0.00
  • Lease Type: Net
The listing information for 50 Pioneer St., Cooperstown, NY 13326 was graciously provided by our friends at the listing brokerage, John Mitchell Real Estate, LLC

Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on CENTURY 21 Chesser Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. CENTURY 21 Chesser Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 02/25/2018 at 6:43am