Reading, NY 14891

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Presented By: Allyson R. Adam-Anderson with Keller Williams Realty Gateway;
  • MLS# R1651312
  • 11/10/2025
  • Request Tour
  • Request Info
  • SQFT • 3,192

Home Details

This laid-back seasonal resort motel has a "home with a lake included" experience. 2 parcels combined gives you .77 acres which include ownership of over 200 linear feet of lakefront. Tax map parcel 64.08-1-15.2 is the main house and adjacent tax map parcel 64.08-15.1 has 5 units. 5 electric meters , including 1 electric meter at the beach. The accommodations consist of (1) a three-bedroom house,1.5 bath , and (2) two-bedroom cottages, (1) a one-bedroom cottage, and (2) efficiency bungalows. Most units features a full kitchen, a deck with comfortable furniture and a gas grill, all boasting picturesque views of Seneca Lake. Admiral Peabody's is dog-friendly and provides a large grassy area with a communal fire pit. Guests can enjoy over 200 feet of lake frontage with 2 substantial docks equipped with tables and chairs perfect for soaking in the sun , boating and fishing while enjoying the refreshing lake waters. Must go down 2 flights of stairs and cross over the railroad tracks to access the lakefront. See IDA for any business programs and grants. Wi-Fi extends throughout the property. All units include linens, towels, flat-screen TVs with cable, coffee makers, microwaves, fridges, and blow dryers. Larger units also feature full kitchens with cookware, plates, and utensils, and most have a pull-out couch or futon included . Individual A/C units ensure comfort in each unit's accommodation and 10 off street parking spaces. Maintenance has 3 stackable W/D included for easy turn over of units and a managers office. PUBLIC WATER AND SEWER .No zoning , only land use. Opportunity here to build your brand ! Privacy ensures tranquil surroundings on a dead end street. Everything stays ( Except the tools). All offers MUST be:LOI with an attorney drafting the PSA. NO BOARD CONTRACTS ACCEPTED Extend your brand here. Presently business only runs on a website and mostly returning guests. Flat rates. Rates could be increased , bookings could be modernized, optimized and pricing could increase. Significant income advantage can transfer to the buyer as bookings for the season are coming in already for 2026! Catch this diamond in the rough before season begins May 1st
Presented By: Allyson R. Adam-Anderson with Keller Williams Realty Gateway;

Interior Features for

Bathrooms

Main Level Bathrooms0
Total Baths

Other Interior Features

Air Conditioning Y/NYes
BasementFull, Partial
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringCarpet, Hardwood, Linoleum, Varies, Vinyl
Heating Y/NYes
Total Fireplaces
Total Stories1

General for

Additional Parcels Description64.08-1-15.1
Body of WaterSeneca Lake
Building FeaturesJanitorialService, Office, Other, SeeRemarks
Business NameAdmiral Peabody LLC
Business TypeHotelMotel
CityReading
Construction MaterialsAtticCrawlHatchwaysInsulated, Block, PreCastConcrete, Frame
CoolingOther, SeeRemarks
CountySchuyler
Current UseHotelMotel
DirectionsHeading north out of Watkins Glen, in less than a mile, turn right onto Reading Rd, turn left onto Salt Point Rd and property is on your left.
ElectricVolts240
Elementary SchoolWatkins Glen Elementary
Elementary School DistrictWatkins Glen
Gross Income147000.0
HeatingElectric, Gas, Other, SeeRemarks, Baseboard, ForcedAir, HotWater
High SchoolWatkins Glen Central High
High School DistrictWatkins Glen
Lease Considered Y/NNo
LevelsOne
Lot Size Square Feet23958.0
Lot Size UnitsAcres
MLS AreaReading-443289
Middle/Junior High SchoolWatkins Glen Middle
Middle/Junior School DistrictWatkins Glen
Net Operating Income86520.0
Number Of Units Total6
Operating Expense47000.0
PossessionCloseOfEscrow, Other, SeeRemarks
Possible UseHotelMotel, Other, Residential, ServiceBusiness
Property ConditionResale
Property Sub Type AdditionalCommercial, Other
Property SubtypeCommercial
Property TypeCommercialSale
RoofAsphalt
School DistrictWatkins Glen
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount13480.0
Tax Assessed Value978300
Tax Lot15
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesSewerConnected, WaterConnected
ViewWater
Waterfront FeaturesBeachAccess, DockAccess, Lake
Year Built1944
Year Built DetailsExisting
ZoningCommercial
Zoning DescriptionOther - See Remarks

Exterior for

Building Area Total3192.0
Frontage Length200
InclusionsInventory, Land, Building and Business, Other - See Remarks
Lot Dimensions142X154
Lot FeaturesRectangular, RectangularLot
Lot Size Acres0.77
Lot Size Area0.77
Number of Buildings5
Parking FeaturesCommon, OnSite, Surfaced
Total Parking10.0
Water SourcePublic
Waterfront Y/NYes

Additional Details

Price History

Schools

Elementary School Watkins Glen Elementary
Middle School Watkins Glen Middle
High School Watkins Glen Central High

Mark Siwiec

CEO
Price $1,200,000
MLS#R1651312
List Date 11/10/2025
Property Type Commercial
Phone
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