61,102 SqFt
61,102 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 61,102 sqft
Price per Sqft $2
MLS Listing ID R1662514
Construction Status Existing
HOA Y/N No
Year Built 1929
Annual Tax Amount $3,782
Lot Size 4.380 Acres
Acres 4.38
Lot Dimensions 145X533
Property Sub-Type Commercial
Property Description
A rare investment opportunity to restore one of upstate New York's most storied resort properties — the Adler Hotel at 107 Adler Avenue. Built between 1927–1929, this five-story Spanish Colonial Revival landmark once anchored Sharon Springs celebrated mineral spa era. For 75 years the Adler welcomed travelers seeking health, leisure, and summer escape, operating until 2004 and leaving behind an irreplaceable architectural legacy.
Spanning approximately 61,000+ square feet with 150 guest rooms on 4.38 acres, the structure retains grand proportions, historic character, and commanding presence overlooking the village. Located within the Sharon Springs Historic District, the property sits in a market seeing renewed interest in heritage tourism, boutique hospitality, and adaptive reuse redevelopment.
Condition & Scope:
This is a full-scale restoration project suited for experienced investors or development groups. The building has been vacant for years and requires structural stabilization, roof repair, complete mechanical replacement (electrical, plumbing, HVAC), and comprehensive interior rehabilitation to meet modern code. Significant capital investment will be required, but the scale and historic status present extraordinary upside potential.
The Adler offers a once-in-a-generation canvas for visionary redevelopment — boutique hotel, luxury residences, mixed-use hospitality, wellness retreat, or destination event property. Few remaining structures capture the romance of America's golden resort era with this level of scale and authenticity.
Explore the hotel's history: https://youtu.be/f5kbtuZ_SHM
Location
State NY
County Schoharie
Area Sharon Springs-Village-434601
Zoning OS
Direction Main street Sharon Springs and then a right onto Adler
Interior
Heating Other, See Remarks, None
Cooling Other, See Remarks
Flooring Other, See Remarks
Inclusions Land and Building
Fireplace No
Exterior
Roof Type Asphalt
Building
Lot Description Rectangular, Rectangular Lot
Story 5
Structure Type Block
Construction Status Existing
Schools
School District Sharon Springs
Others
Tax ID 434601-005-010-0002-001-000-0000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS