Mixed-Use Property with
For Sale
$649,900
3943 Route 394, Mayville, NY 14757
Includes restaurant, coffee shop, retail, residential, and outdoor gathering spaces.
Property Size6,367 SF
Lot Size3.50 Acres
Price / SF$102.07
Days on Market53
Property Features for 3943 Route 394
General Information
Standard status
Active
Size
6,367 SF
Lot size
3.50 Acres
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
outdoor beer garden
container bar
outdoor dining area
Listing Agency:
Howard Hanna Holt - Mayville
(716) 753-7880
Listed By:
Matthew Wroda · License #10301211617
(937) 459-7239
Source:
Nicholcityrealty
Added: Aug 22
Changed: Oct 3
Last Checked: Oct 12 at 8:01PM
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.
This mixed-use property spans approximately 3.5 acres and combines an operating-ready restaurant building with several complementary commercial and residential components. The restaurant conveys with nearly all commercial kitchen equipment, a pizza oven, dining furnishings, tableware, and related fixtures. A separate coffee shop space includes its equipment, while an additional storefront and Farmers Market garage provide further usable areas. A studio apartment above the storefront is configured separately from the restaurant and has previously served as a furnished rental.
Outdoor improvements include a beer garden with a container bar and beer taps capable of serving multiple kegs, along with space for outdoor dining and gatherings. Ample on-site parking serves the commercial areas and residential unit. The property is located at 3943 Route 394 in North Harmony, directly across from Camp Chautauqua, and was built in 1985.
Outdoor improvements include a beer garden with a container bar and beer taps capable of serving multiple kegs, along with space for outdoor dining and gatherings. Ample on-site parking serves the commercial areas and residential unit. The property is located at 3943 Route 394 in North Harmony, directly across from Camp Chautauqua, and was built in 1985.
Key Highlights
- Approximately 3.5 acres at 3943 Route 394, North Harmony, NY 14757
- Restaurant building conveys with commercial kitchen equipment, furnishings, tableware, and a pizza oven
- Separate coffee shop space includes equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,912
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,240
$838.2K
Cap Rate 7%
$598,743
$598.7K
Cap Rate 9%
$465,689
$465.7K
Market Conditions
NOI Build-Up for 6,367 SF
Gross rent
$77.2K $12.12/SF
− Vacancy
−$10.1K −$1.59/SF
EGI
$67.1K $10.53/SF
− OpEx
−$25.1K −$3.95/SF
NOI
$41.9K $6.58/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,240
Cap Rate 7%
$598,743
Cap Rate 9%
$465,689
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,720 @ 7.0% cap · market cap 12.88%
Second Best
Retail
$1.12M
$976.7K – $1.30M
NOI $78,138 @ 7.0% cap · market cap 12.02%
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,401 @ 7.0% cap · market cap 20.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
24
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes restaurant, coffee shop, retail, residential, and outdoor gathering spaces.
Where is this mixed-use property located?
The property is located at 3943 Route 394 Mayville, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Approximately 3.5 acres at 3943 Route 394, North Harmony, NY 14757; Restaurant building conveys with commercial kitchen equipment, furnishings, tableware, and a pizza oven; Separate coffee shop space includes equipment
