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    7304 E Main St Lima, NY 14485

    For Sale
    $349,000

    COMMERCIAL - Lima, NY

    Property size:
    13,032 SF
    Lot size:
    0.23 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 7304 E Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    05
    Rooms
    Basement
    APN
    243201-037-014-0001-077-000-0000
    Parking
    15
    Parking features
    Paved or Surfaced
    Size
    13,032 SF
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1840
    Floors in Building
    3
    Flooring type
    Varies, Linoleum, Hardwood, Carpet, Vinyl
    Building materials
    Block
    Roof type
    Flat

    Empire Realty Group (585) 746-9196 [email protected]

    Listing agent Matthew Sharman (585) 204-2440 License #10401389200

    Listing date Nov 9, 2025

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Landmark Mixed-Use Property

    The American Hotel of Lima is a 13,000 sq. ft. mixed-use landmark listed on the National Register of Historic Places. It generates income with hotel rooms, apartments, offices, a restaurant/bar, and a banquet hall for events. The property is located at Routes 20 & 15A. Original architectural features include tin ceilings, iron columns, balconies, and arched windows. It is eligible for grant funding and historic tax credits up to 40% (federal + NYS) for renovations. Expansion potential includes a boutique hotel, chef-driven restaurant, wedding venue, or tasting room. The property is located in Lima, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Hotel Of Lima Hotel Hearts for the Homeless Donations Center

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Livingston
    State
    New York
    Longitude
    -77.611432
    Latitude
    42.904425

    FAQs

    What type of property is this?
    Hotel - Mixed-use landmark with income streams and expansion potential.
    Where is this hotel located?
    The property is located at 7304 E Main St Lima, NY.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Historic Tax Credits up to 40% (federal + NYS) provide massive ROI leverage for renovations.; - Multiple income streams are already in place (hotel rooms, apartments, offices, restaurant/bar, banquet hall).; - Prime location at Routes 20 & 15A offers high visibility and access to Finger Lakes tourism.
    (585) 204-2440
    Request Owner's contact information
    7304 E Main St Lima, NY 14485
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    Lima, NY 14485
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7304 E Main St Lima, NY 14485
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