Approved Hotel Site Plan Property for Sale in New York
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Financial Details
- Asking Price:
- $3,500,000
- Profit Metric:
- NOI
- Location:
- Long Island, NY, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Prime vacant commercial land in Long Island, NY, with approved hotel site plans.
Comprehensive approvals secured, including FAA, Zoning, Variance, DOT, and local permits.
Eligible for tax abatement and sales tax grievance pilot program, enhancing financial viability.
Description
This listing presents a unique opportunity to acquire vacant commercial land in Long Island, New York, complete with approved site plans for hotel development. The property has secured essential approvals, including FAA, Zoning, Variance, DOT permits, and local permits for drainage and utilities. Construction drawings are finalized, and the project is poised to move forward. Furthermore, a pilot program for tax abatement and sales tax grievance has been approved, pending the submission of the construction budget. This development-ready parcel offers a significant advantage for investors looking to enter the hospitality market.
Industry Information
- Industry Description:
- Building & Construction
- Classification:
- Building & Construction
Real Estate & Lease
- Status:
- Permitted
- Real Estate Price:
- $3,500,000 USD
Broker Contact
- Name:
- Sam Kapoor
- Company:
- Hedgestone Business Advisors
- Phone:
- 516-212-4475
Listing Details
- Listing ID:
- f32eba5a-8ce8-4cac-9cf8-a52dda6a19fb
- Source Listing ID:
- 2329160
- Deal Status:
- For Sale
- Last Updated:
- September 15, 2025
- Currency:
- USD
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