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Watkins Glen Mixed-Use Investment
For Sale
$1,450,000

108 N Franklin St, Watkins Glen, NY 14891

Historic mixed-use property with restaurant, bar, and apartments.

Property SizeContact for details
Days on Market102

Property Features for 108 N Franklin St

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1892
Listing Agency:
Listed By: Shawna Lott
Source: Elliman
Added: Apr 26 Changed: Jul 10 Last Checked: Aug 5 at 8:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shawna Lott

Investment Insights

Based on property information with market context.

Located in the heart of Watkins Glen, this mixed-use property, historically known as the "Watkins Hotel," is situated two blocks from Seneca Lake. The first floor features a bar and restaurant with a long-term lease, with the operator covering all utilities and utilizing the basement for storage. The second and third floors house 7 fully occupied apartments, renovated within the last decade. Tenants have access to coin-operated laundry and private outdoor seating. The landlord covers cable, Wi-Fi, trash, water, and sewer, while tenants pay their own electric. Tenants benefit from street parking on 1st and 2nd Streets. The second floor includes one of two outdoor seating areas overlooking the Franklin Street corridor. The property has a walk score of 71, indicating it is very walkable, and a bike score of 54, making it bikeable.

Key Highlights

  • Prime location in the heart of Watkins Glen, just two blocks from Seneca Lake
  • Mixed‑use property with a well‑established, leased bar/restaurant on the first floor providing stable income
  • Seven fully occupied, renovated apartments on the second and third floors, ensuring consistent rental income

Property Analytics

Current Use

House of Hong Restaurant

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Storage Facility Skin Care Clinic Computer & Electronic Repair Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

485
Businesses Nearby
14k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 89% Dining 11%
Sunoco Shops & Services
8,075 visits/mo 0.4 miles
7-Eleven Shops & Services
2,971 visits/mo 0.4 miles
SUBWAY Dining
1,541 visits/mo 0.4 miles
Maguire ( Chrysler Dodge Jeep Ram ) Shops & Services
787 visits/mo 0.2 miles
Carquest Auto Parts Shops & Services
666 visits/mo 0.1 miles

Demographics for 14891, NY

4,140
Population
2,602
Households
1.6
Avg Household Size
46
Median Age
25%
College-Educated
91%
High-School Grad
54.4 sq mi
ZIP Area
76
Density / Sq Mi
$57,137
Median Household Income
$36,221
Median Earnings
$775
Median Rent
$146,300
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic mixed-use property with restaurant, bar, and apartments.
Where is this mixed-use property located?
The property is located at 108 N Franklin St Watkins Glen, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Prime location in the heart of Watkins Glen, just two blocks from Seneca Lake; Mixed‑use property with a well‑established, leased bar/restaurant on the first floor providing stable income; Seven fully occupied, renovated apartments on the second and third floors, ensuring consistent rental income
More about this property
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