Mixed-Use Waterfront
For Sale
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188 S ERIE ST, Mayville, NY 14757
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 Market142
Property Features for 188 S ERIE ST
General Information
Standard status
Active
Size
5,500 SF
Total Parking Spaces
41
Property subtype
Mixed Use, Retail, Multifamily
Zoning
B2 - Multi Use
Additional Details
Road Access
Yes
Building Details
Year Built
1995
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Howard Hanna Holt - Mayville
Listed By:
Nicholas Holt · License #10401209202
(716) 581-1347
Source:
Crexi
Added: Jun 3
Changed: Oct 9
Last Checked: Oct 20 at 7:04PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,512
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,240
$610.2K
Cap Rate 7%
$435,886
$435.9K
Cap Rate 9%
$339,022
$339.0K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$73.9K $13.44/SF
− Vacancy
−$9.7K −$1.76/SF
EGI
$64.2K $11.68/SF
− OpEx
−$33.7K −$6.13/SF
NOI
$30.5K $5.55/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,240
Cap Rate 7%
$435,886
Cap Rate 9%
$339,022
Alternative Uses
Best Use
Hotel Hospitality
$435.9K
$381.4K – $508.5K
NOI $30,512 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
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 authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 14757, NY
3,072
Population
2,181
Households
1.4
Avg Household Size
47
Median Age
37%
College-Educated
93%
High-School Grad
43.7 sq mi
ZIP Area
70
Density / Sq Mi
$63,542
Median Household Income
$40,042
Median Earnings
$677
Median Rent
$179,400
Median Home Value
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Frequently Asked Questions
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
