Historic Inn and
2075 E Shore Dr Lansing, NY 14882
2075 E Shore Dr, Lansing, NY, 14882
$1,150,000
For Sale
$1,150,000
Historic inn on 1.13 acres with a 9-room bed and breakfast and a fully equipped pub/restaurant under lease.
Property Size13,248 SF
Lot Size1.13 Acres
Price / SF$86.81
Days on Market2309
Property Features for 2075 E Shore Dr
General Information
- Standard status
- Active
- Size
- 13,248 SF
- Lot size
- 1.13 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1830
Listing agency
Co
(607) 277-2327
Listed by
Pyramid Brokerage Company
Source
Xome
Added: Mar 26, 2020 Updated: Jul 21 at 6:09AM Checked: Jul 21 at 6:09AM
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 Co
Investment Insights
Based on property information with market context.
This for-sale package features a historic inn and bed & breakfast operation with multiple income streams, supported by two commercial buildings totaling 11,808 SF and 1,440 SF on 1.13 acres. The operating bed & breakfast includes 9 rooms. In addition, there is a pub/restaurant under lease to a third party with seating for 90 inside and outside, and the space is fully fixtured and equipped.
The offering also includes additional commercial space for lease in both the main building and a smaller outbuilding. The property is situated on the Cayuga Wine Trail. Financial information for the bed & breakfast is available with signing of an NDA, and a sales flyer accompanies the listing.
The offering also includes additional commercial space for lease in both the main building and a smaller outbuilding. The property is situated on the Cayuga Wine Trail. Financial information for the bed & breakfast is available with signing of an NDA, and a sales flyer accompanies the listing.
Key Highlights
- Historic inn and bed & breakfast on 1.13 acres, located on the Cayuga Wine Trail
- Includes 2 commercial buildings totaling 13,248 SF (11,808 SF and 1,440 SF)
- Operating B&B with 9 rooms
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.8k | $14.40 |
| − Vacancy | −$28.6k | −$2.16 |
| EGI | $162.2k | $12.24 |
| − OpEx | −$85.1k | −$6.43 |
| NOI | $77.0k | $5.81 |
13,248 SF · lease $14.40/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.14M – $2.86M
NOI $171,336 @ 7.0% cap · market cap 14.90%
Second Best
Hotel Hospitality
$1.10M
$962.8K – $1.28M
NOI $77,024 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$4.13M
$3.62M – $4.82M
NOI $289,377 @ 7.0% cap · market cap 25.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Whimsy Mercantile
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Rogues Harbor Inn 1830 LLC — 2079 E Shore Dr, Lansing, NY 14882
FAQs
What type of property is this?
Bed & breakfast - Historic inn on 1.13 acres with a 9-room bed and breakfast and a fully equipped pub/restaurant under lease.
Where is this bed & breakfast located?
The property is located at 2075 E Shore Dr Lansing, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Historic inn and bed & breakfast on 1.13 acres, located on the Cayuga Wine Trail; Includes 2 commercial buildings totaling 13,248 SF (11,808 SF and 1,440 SF); Operating B&B with 9 rooms
