Foothills Manor Bed and Breakfast

Gloversville, New York
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Property Type
Bed & Breakfast / Inn
Guest Rooms
Owners Quarters
Asking Price

Occupancy Rate
Average Daily Rate
Gross Revenue
Gross Revenue Multiplier

Property Overview

Sitting at the foothills of the majestic Adirondack Mountains in upstate New York this 1863 Victorian has the potential to be the area's premiere inn. Just minutes to the Great Sacandaga Lake, Peck Lake, Caroga Lakes, Royal Mountain Ski area, Adirondack Animal Land, Saratoga Springs and Albany International Airport. Just a few hours drive to NYC, Boston, Canada, Lake Placid, Vermont and Niagara Falls. Small rural city with municipal water/sewer, natural gas, high speed internet/cable. Around the corner from golf course, shopping, health facilities and FJ & G bike trail.

Property Description

This magnificent property sits on a 1.5 acre parcel. Included in the 13 room mansion is the potential for 7 guest rooms. The main floor has a formal dining room, breakfast dining area and summer dining room. Also on the main level is a sitting room, media room, library, office, "casino/bar", Saratoga porch, kitchen and solarium overlooking the pool. Cozy reading porches plus 8 fireplaces add to the ambiance. The lower level boasts a family room, wine closet and under-house 3 car garage. On the back of the property is a turnkey fully rented 3 unit apartment house and large lot for parking.

Business Description

Income possibilities include 7 guest rooms, 3 apartments and 7 garage spaces.

Reason for Selling

Terms & Asking Price

Bank financing or cash.