Three Tree Inn - Price Reduced $50,000 to $329,000

Three Tree Inn, a charming 1929 English Tudor, sits in a park like setting, full of specimen trees and perrennials, all surrounded by a wonderful privet hedge, providing a sense of place and privacy within the city limits of Geneva, N.Y., in the very heart of the Finger Lakes. It is a short walk from the Inn to Hobart and William Smith Colleges, Seneca Lake, and downtown restaurants and shops.

The inn is presently a three room inn, each room with a private, ensuite bathroom. A first floor room with private bath is currently used as part of the owners' quarters, but could easily be used as a fourth guest room.

For anyone researching the Finger Lakes area, Geneva, N.Y. is particularly well suited for year round business. The city is located 7 miles from I-90, 10 miles from The Waterloo Outlet Mall, and is home to Finger Lakes Community College, Hobart William Smith Colleges, Cornell Experiment Station and Finger Lakes Health - Geneva General Hospital. The Inn is within 35 miles of at least 80 wineries, with several world class wineries within 15 miles.

The house was purchased in December 2008 for $182,500 and the next several months were spent doing a complete renovation, of both the inside and outsides of the property. The property was completely furnished and set-up with name, website, reservation system, etc. to operate as a B&B. Total renovation and furnishings expenditures exceeded $150,000. Detailed list of these renovations, furnishings and also P&L financials are available to qualified buyers. The Inn will be sold turnkey, allowing new owners to immediately "be in business".


We love our beautiful Inn, and the 9000 square miles of the Finger Lakes, but it is time for us to retire, and play golf! (Or a least bomb around every day in a golf cart!)

Details

  • Built in 1929
  • 4 years as B&B
  • Last renovation in 2009
  • 3 Guest Rooms
  • 3 Guest Bathrooms
  • Lot size: 0.23 acres
  • 5 Parking Spots
  • Has owner's quarters
  • $329,000
  • 32% annual. occ. rate
  • $160.00 avg daily rate

Listing Agent

Renata Reber, Associate Broker
B&B and Inn Specialist
Mitchell Pierson Jr. Inc.
Canandaigua, NY 14424

Phone: 585-398-2211 x212
Cell: 585-732-8101
email: rreber@rochester.rr.com


Location

164 Washington St. Geneva, NY 14456

Photos (click to enlarge)

Three Tree Inn, Geneva, N.Y.
The Catalpa Room, Three Tree Inn, Geneva, N.Y. The Mulberry Room, Three Tree Inn, Geneva, N.Y.
The Mountain Ash Room, Three Tree Inn, Geneva, N.Y. Common Room for our Guests, Three Tree Inn, Geneva, N.Y.
Dining Room, Three Tree Inn, Geneva, N.Y. In the Garden, Three Tree Inn, Geneva, N.Y.
Benches overlooking Seneca Lake, Geneva, N.Y. Early Spring along Main St., Geneva, N.Y.

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