Mixed-Use Waterfront
188 S ERIE ST Mayville, NY 14757
188 S ERIE ST, Mayville, NY, 14757
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For Sale
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Mixed-use waterfront building with commercial kitchen, bar, and large patio areas, plus leased dock rights for on-water access.
Property Size5,500 SF
Price / SF$150
Days on Market51
Property Features for 188 S ERIE ST
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Mixed Use, Retail, Multifamily
Building Details
- Year Built
- 1995
Listing agency
Howard Hanna Holt - Mayville
(716) 581-1347
Listed by
Nicholas Holt · License #10401209202
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 22 at 12:47PM
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 Howard Hanna Holt - Mayville
Investment Insights
Based on property information with market context.
188 S Erie St in Mayville, NY presents a mixed-use waterfront building with over 5,000 square feet of open-concept interior space and dramatic architectural trusses. The existing improvements include a commercial kitchen layout, a large central bar, oversized windows, expansive waterfront patio areas, and generous on-site parking. The overall footprint is adaptable for multiple concepts, including hospitality, commercial, or residential uses.
The property offers dock rights that are leased through the Village, with access directly outside the building. It also provides direct access to the snowmobile trail system and benefits from prominent visibility from the water, Route 394, and the Chautauqua Rails-to-Trails, supporting year-round accessibility and exposure. The site sits within the B2 Lakeside Business Overlay District, offering mixed-use flexibility. Additional opportunities may be available subject to municipal approvals.
For operators and owners, the combination of existing hospitality infrastructure, large gathering-oriented interior space, and waterfront outdoor areas can support restaurant and bar concepts, boutique hospitality programming, or a mixed-use redevelopment approach that incorporates waterfront living and compatible commercial use. Purchase or lease options are available, with final tenant or development structure dependent on approvals.
The property offers dock rights that are leased through the Village, with access directly outside the building. It also provides direct access to the snowmobile trail system and benefits from prominent visibility from the water, Route 394, and the Chautauqua Rails-to-Trails, supporting year-round accessibility and exposure. The site sits within the B2 Lakeside Business Overlay District, offering mixed-use flexibility. Additional opportunities may be available subject to municipal approvals.
For operators and owners, the combination of existing hospitality infrastructure, large gathering-oriented interior space, and waterfront outdoor areas can support restaurant and bar concepts, boutique hospitality programming, or a mixed-use redevelopment approach that incorporates waterfront living and compatible commercial use. Purchase or lease options are available, with final tenant or development structure dependent on approvals.
Key Highlights
- Waterfront mixed‑use building built in 1995 offering over 5,000 sq ft of adaptable indoor space
- Includes commercial kitchen layout, large central bar, and oversized windows with expansive waterfront patios
- Dock rights are leased through the Village with access directly outside the building
Local Financial Insights For Specialty Retail
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 | $99.0k | $18.00 |
| − Vacancy | −$2.6k | −$0.47 |
| EGI | $96.4k | $17.53 |
| − OpEx | −$24.1k | −$4.38 |
| NOI | $72.3k | $13.15 |
5,500 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.03M
$904.0K – $1.21M
NOI $72,320 @ 7.0% cap · market cap 8.77%
Second Best
Hotel Hospitality
$435.9K
$381.4K – $508.5K
NOI $30,512 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,236 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Watermark Restaurant
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Resort - Mixed-use waterfront building with commercial kitchen, bar, and large patio areas, plus leased dock rights for on-water access.
Where is this resort located?
The property is located at 188 S ERIE ST Mayville, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Waterfront mixed‑use building built in 1995 offering over 5,000 sq ft of adaptable indoor space; Includes commercial kitchen layout, large central bar, and oversized windows with expansive waterfront patios; Dock rights are leased through the Village with access directly outside the building
