2075 Shore DrLansing, NY 14882

Property Details for 2075 Shore Dr

Year built

1970

Lot size

0.54 AC

Property size (Sq ft)

1,440 SF

Zone code

B1

Property type

Investment properties

Property subtype

Retail residential properties

APN

503289 37.1-2-1

APU

50328937121

Description

This exceptional investment opportunity presents a historic inn and bed & breakfast for sale in Lansing, NY, situated on the picturesque Cayuga Wine Trail. The property encompasses two commercial buildings totaling 13,248 square feet on a 1.13-acre lot. The main building offers 11,808 square feet, while a secondary building adds another 1,440 square feet. The property includes a thriving, nine-room bed and breakfast operation, generating multiple income streams. A fully equipped and fixtured pub/restaurant, seating 90 guests indoors and outdoors, is currently under lease to a third party. Additional commercial space is available for lease within both the main and smaller buildings, providing further revenue potential. Financial details for the bed and breakfast are available upon execution of a non-disclosure agreement. This unique property offers a compelling blend of historical charm, established businesses, and significant growth opportunities. The sale includes the land, buildings, and business operations. A sales flyer is available for further details.

• CAP approach

  CAP return

  Valuation

  6%

  $269,209

  6.5%

  $248,501

  7%

  $230,751

• Comparable approach

  Method

  Valuation

  Relative Method

  $134,187

  Geo Method

  $191,913

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $502,315

  Retail / Commercial

  $253,009

  Hospitality / Lodging

  $177,622

  Office

  $243,268

  Institutional / Educational

  $257,052

  Residential Income

  $300,750

  Multifamily

  $380,695

  Automotive / Energy

  $220,330

  Parking / Income-Based Land

  $79,595.90

  Restaurant / Food Service

  $121,551

  Healthcare / Senior Housing

  $258,531

Location Insight

City

Lansing

County

Tompkins

State

New York

Latitude

42.5375

Longitude

-76.5055

CBSA code

27060

CBSA name

ITHACA, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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