This exceptional 4,788 square foot commercial property, situated on a desirable 5.8-acre lot directly on Skaneateles Lake in Homer, NY, presents a rare investment opportunity. The sale includes an established, currently leased, turn-key restaurant business and a thriving marina operation, complete with all associated equipment. The marina currently boasts 29 slips generating income between $1850 and $1950 each, and 10 pontoon lifts at $2350 each, with significant potential for expansion. Recent improvements have significantly enhanced the property's value and operational efficiency. These include a complete marina dredging, a new seawall, tree removal, new docks, and the installation of 10 new pontoon lifts. The main building has also undergone substantial renovations. This includes a new roof on half the building, replacement windows and insulation on the second floor, a complete renovation of a second-floor suite, and a new well and water treatment system. The restaurant itself has also benefited from upgrades, including a new dishwasher, a new fryer, an upgraded Ansul system and exhaust hood, and new flooring. A new second-floor exit with a covered stairwell has also been added. This property offers substantial income potential from the existing marina, restaurant, and lodging opportunities, with significant room for future expansion and development. Priced at $1,750,000, this is a truly unique opportunity to acquire a profitable and highly desirable commercial property on the shores of Skaneateles Lake.
Property Details
for 7434 Fair Haven Rd
Property type
Commercial real estate
Square Feet
4,788 SF
Year Built
1900
Lot Size (sq. ft)
252,648 SF
Location Insight
City
Homer
County
Cortland
State
New York
Latitude
42.76612
Longitude
-76.26778
7434 Fair Haven Rd, Homer, New York
Nearby Comparable
For Sale
$1,750,000
Glen Haven Marina: Prime Waterfront Investment
Profitable Restaurant & Marina on Skaneateles Lake
Commercial real estate - Turn-key restaurant, marina, & lodging potential.
Where is the commercial real estate located?
The property is located at 7434 Fair Haven Rd Homer, NY.
What is the asking price?
The asking price for this property is $1,750,000.
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Fair Haven Rd Homer, NY 13077
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