For Sale
$499,000

7304 Main St Lima, NY 14485

Iconic landmark, multi-use potential, high traffic location.

Overview

Added:
Feb 3
Days on market:
74
A rare opportunity awaits with the acquisition of the American Hotel of Lima, a historic landmark boasting over 230 years of rich history. Situated at a high-traffic, highly visible gateway to the Finger Lakes Region, this 13,032 square foot property, built in 1840, sits on a 0.23-acre lot. Currently operating as a thriving full-service bar, hotel, and event venue, the American Hotel offers numerous income streams. Many second-floor rooms are available for rent, complemented by a spacious event area ideal for larger gatherings. Recently honored with a preservation award from New York State and The Landmark Society of Western New York for the restoration of its front portico, the building is in excellent condition. The property's versatility presents endless possibilities. Its prime location makes it perfectly suited for a tasting room showcasing the abundance of local wineries, breweries, and distilleries, with ample space for outdoor dining or a beer garden. Alternative uses could include a test kitchen, a boutique hotel, or numerous other ventures. Priced at $499,000, this turnkey business presents a unique investment opportunity with significant upside potential in a desirable location. The American Hotel of Lima is poised for its next chapter, and awaits a visionary owner to guide it into the future.

Property Details for 7304 Main St

Property type
Commercial real estate
Square Feet
13,032 SF
Year Built
1840
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Lima
County
Livingston
State
New York
Latitude
42.90466
Longitude
-77.6115
7304 Main St, Lima, New York

FAQs

What type of property is this?
Commercial real estate - Iconic landmark, multi-use potential, high traffic location.
Where is the commercial real estate located?
The property is located at 7304 Main St Lima, NY.
What is the asking price?
The asking price for this property is $499,000.
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7304 Main St
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