Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile 3-Unit Building in Waterloo Title is generated by Realmo AI

    14 E Main Street, Waterloo, NY 13165

    View on Map
    Claim this Listing
    For Lease
    $249,900 SF/Yr $72,762,550/Mo (calc)

    COMMERCIAL - Waterloo, NY

    Property size:
    3,494 SF
    Lot size:
    0.06 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    194
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 14 E Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    05
    Rooms
    Basement
    Parking
    8
    Standard status
    Active
    APN
    453801-013-000-0001-003-000-0000
    Size
    3,494 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3703

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1850
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Varies, Hardwood, Vinyl, Linoleum
    Roof type
    Membrane, Rubber

    We can help!

    Listing Contact
    John P. Parrott III

    Listing agent John P. Parrott III License #10301221870

    Listing office Coldwell Banker Finger Lakes 218 Hamilton St, Geneva, NY

    Listing date Nov 3, 2025

    MLS# R1648697

    Copyright © 2026 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.

    HighLights

    • Immediate cash flow from 3‑unit building (storefront/bar, 1‑bedroom apartment, studio apartment).
    • Prime investment opportunity in the heart of the Finger Lakes region, Village of Waterloo.
    • Versatile 3,494 sq ft building.
    • Located in Waterloo's vibrant village, surrounded by shops and amenities.
    • Strong rental income potential.
    • Bar business available for purchase including contents and food truck.

    Overview

    Located in the Village of Waterloo, in the Finger Lakes region, this 3-unit building offers 3,494 square feet of space. The property features a first-floor storefront or bar space, a one-bedroom apartment, and a studio apartment. The property is located in Waterloo's village, surrounded by shops and amenities, and offers rental income potential. The lot size is 0.06 acres. The bar business is available for purchase separately, including contents and a food truck.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TK Tavern Waterloo ... Bar & Pub Dale and Johnny Ink. Tattoo & Piercing Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Paradise Entertainment — 5 Swift St, Waterloo, NY 13165
    • F-n-A Rhythm And Booze — 3 S Virginia St, Waterloo, NY 13165
    • Amy's Checkered Flag — 29 W Main St, Waterloo, NY 13165
    • Syracuse Trivia — 5 Swift St, Waterloo, NY 13165
    • Mojo's Tavern — 23 W Main St, Waterloo, NY 13165

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Seneca
    State
    New York
    Longitude
    -76.862241
    Latitude
    42.904274

    FAQs

    What type of property is this?
    Bar & Pub - 3-unit building with storefront, 1-bed, and studio apartments.
    Where is this bar & pub located?
    The property is located at 14 E Main Street Waterloo, NY.
    What is the lease rate?
    The lease rate is $249,900.
    What are key features of this property?
    This property features: Immediate cash flow from 3‑unit building (storefront/bar, 1‑bedroom apartment, studio apartment).; Prime investment opportunity in the heart of the Finger Lakes region, Village of Waterloo.; Versatile 3,494 sq ft building.
    (315) 789-6768
    We can help!
    Listing Contact
    John P. Parrott III
    Real Estate License ID: 10301221870
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14 E Main Street, Waterloo, NY 13165
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!