Admiral Peabody's Lakeside Lodging

Description:

Discover the unique charm of Admiral Peabody's Inn, a collection of six units nestled on the western shores of Seneca Lake. This laid-back resort offers a distinctive "home with a lake included" experience. This six-unit boutique motel on 0.77 acres consists of 6 units (comprised of 2 parcels) with 200 linear feet of lakefront on Seneca Lake. Quite a dead-end road, with municipal utilities for all 5 buildings - (One) 3 bedroom - 1.5 bath Unit, (Two) 2 bedroom - 1 bath Units, (Two) 1 bedroom - 1 bath Units. Wi-Fi extends throughout the property. Each unit features a deck with comfortable furniture and a gas grill, all with views of Seneca Lake. And the property has 10 off-street parking spaces and private lakefront docks for swimming, fishing, or simply enjoying the sun. Electric is available at the lakefront too! Expansion opportunity based on local code. Laundry facility on site for easy maintenance and office. Owner financing for qualified buyers. Extend the season with 3 insulated units.


Watkins Glen stands out to investors and developers thanks to its strong demographic and economic profile. The area attracts 2,387 commuters each day, helping local businesses and creating a lively daytime economy. With a population of 4,390 and a growth rate of 3.17%, there is ongoing demand for housing and commercial services. The average household income is $74,109, and the projected median income is $66,159, both of which point to economic stability and room for growth in consumer spending. Homeownership is high at 82%, mostly in single-family and mobile homes, which suggests that people are committed to staying in the area long-term. The median home value is $221,620. Although this is down 5.3% recently, it could be a good time for smart investments. Overall, Watkins Glen’s stable economy, steady population, and room for commercial growth make it a promising place for investment.



​Unique Lakeside Setting: Six individual cottages with private decks and lake access on Seneca Lake, offering a distinctive guest experience.
​Strong Rental History: Admiral Peabody's Inn has a proven track record as a popular lodging choice in the Watkins Glen area, evidenced by positive guest reviews.
​Proximity to Key Attractions: Located less than a mile from downtown Watkins Glen and Watkins Glen State Park, and less than six miles from Watkins Glen International.
​Multiple Accommodation Types: Offers a diverse range of cottage sizes, catering to various group sizes and needs.
​Guest-Friendly Amenities: Includes private decks with grills, lake access with a dock, fire pit, Wi-Fi, and pet-friendly policies.
​Turnkey Operation: A fully operational and well-maintained property with a strong online presence.
​Value-Add Potential: Opportunity to further enhance revenue
​Accessible Transportation:

​Airports:

​Approximately 17.5 miles (around 25-30 minutes by car) to Elmira Corning Regional Airport (ELM)
​Roughly 29 miles (around 40-45 minutes by car) to Ithaca Tompkins International Airport (ITH).


​Major Cities:

​New York City: Approximately 254 miles, 4 hours and 20 minutes.
​Philadelphia: Approximately 261 miles, 4 hours and 15 minutes.
​Buffalo: Approximately 147 miles, 2 hours and 25 minutes.
​Rochester: Approximately 80 miles, 1 hour and 25 minutes.