14630 State Route 54Hammondsport, NY 14840

Property Details for 14630 State Route 54

Year built

2001

Lot size

16.70 AC

Property size (Sq ft)

2,525 SF

Zone code

SC

Property type

Retail space

APN

467600 064.00-01-019.000

APU

4676000640001019000

Description

This exceptional 34.84-acre property in the heart of New York's Finger Lakes wine region presents a rare opportunity for discerning investors and established vintners. The estate boasts a meticulously maintained 15.5-acre vineyard featuring European vitis vinifera vines, cultivated for over 21 years, producing highly regarded wines. A fully operational tasting room, welcoming visitors with breathtaking Keuka Lake bluff views, is seamlessly integrated with an adjacent, fully equipped production facility, ready for immediate wine production. The sale includes over $100,000 worth of vineyard and winery equipment, along with an established and recognized wine brand, ensuring a smooth transition and immediate revenue generation for the new owner. Adding to the appeal is a comfortable 3-bedroom, 1.5-bathroom home, perfect for an owner or on-site manager. This turnkey operation is poised for continued success and expansion, offering a unique opportunity to acquire a well-established, profitable winery in one of New York's most prestigious wine regions. The property encompasses 2,525 square feet of building space, located at 14630 State Route 54, Hammondsport, NY. This is a truly exceptional opportunity to own a thriving business with significant growth potential in a picturesque setting. The asking price is $2,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $599,385

  6.5%

  $553,279

  7%

  $513,759

• Comparable approach

  Method

  Valuation

  Relative Method

  $581,312

  Geo Method

  $831,390

• Alternative Use

  Use

  Valuation

  Residential

  $466,711

  Hospitality

  $427,505

  Educational

  $355,679

  Medical

  $367,912

  Retail

  $553,279

Location Insight

City

Hammondsport

County

Steuben

State

New York

Latitude

42.4894

Longitude

-77.1183

CBSA code

18500

CBSA name

CORNING, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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