Approved Hotel Site Plan Property for Sale in New York

View Original Listing

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