Property photo 1
7,863 sqft

$1,925,000

540 Rt-42, Shandaken NY, 12480

Price per sqft$244.82
Built in1805
Property size7,863 sqft
Property typeCommercial
Courtesy of Christie's Int. Real Estate, Alicia S. Goldman Listing Contact: 914-266-9200

Overview

Sold

Listed Feb 13, 2025

Updated Aug 21

Historic Turnkey Hospitality Investment. Major price drop to $1,999,000. Projected cap rate over 15%. 7,863 SF on 1 acre with 7 renovated guest rooms and 5 additional rooms ready for expansion. Restaurant & bar generate $1,500–$2,000/day, 4 days/week. Urgent: Available only until year-end—property will be taken off market and integrated into owner’s new resort project. Updated mechanicals, chef’s kitchen, active full-service liquor license.—A rare Catskills commercial offering blending historic charm with modern amenities. Originally built in 1805 and fully renovated for 2025, this 7,863 sq ft inn sits on 1 acre along Bushnellsville Creek. The second floor offers 7 guest rooms; 5 more on the third floor offer future expansion potential. The property’s rich past includes use as a stagecoach station, post office, tavern, and meeting house. Recent upgrades include new bathrooms, a chef-designed kitchen with all new appliances and pizza oven, updated heating, new artesian well, on-demand hot water, and a DEP-approved septic system. The large barn provides additional event or storage space. Fully licensed and operating as a hotel, restaurant, tavern, and package store—currently with hotel, food service, and full liquor license active. Located within the NYC Watershed protected area—where new hospitality approvals are rare—this is a turnkey opportunity. Enjoy thoughtfully preserved rustic details, wide board floors, pine ceilings, handcrafted furnishings, and mountain or creek views from nearly every room. Moments from skiing, hiking, and the hamlets of Shandaken and Phoenicia.

Additional information

MLS® ID
823745

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
1 Acre

Other Property Details

Taxes
$5,670
Tax Frequency
Annually
View
Yes
Waterfront
Yes

Listings courtesy of OneKey MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cristina Candio shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 9:49 PM UTC on 8/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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