Restaurant Wine & Beer
For Sale
$499,000
54 Pulteney St, Hammondsport, NY 14840
Established Hammondsport bar and retail space on Route 54A near the Village Square and bridge, available for sale or business purchase.
Property Size1,965 SF
Price / SF$253.94
Days on Market66
Property Features for 54 Pulteney St
General Information
Standard status
Active
Size
1,965 SF
Additional Details
Business Included
Yes
Road Access
Yes
Listing Agency:
Howard Hanna Lake Group
(585) 330-5064
Listed By:
Cynthia Tallo
(585) 330-5064
Source:
Exprealty
Added: May 27
Changed: Jul 10
Last Checked: Jul 30 at 6:45PM
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 Lake Group
Investment Insights
Based on property information with market context.
This property is currently home to The Hidden Cork Wine & Beer Bar of Hammondsport, operating as a daily, locally established gathering spot. The offering includes an established retail space with a new room available for special events, supporting both everyday service and group use depending on the operator’s needs. Showings are available by appointment only, as the business is actively running.
Located just off the Village Square and over the bridge in “downtown” Hammondsport, the property is situated in a high-traffic setting along Route 54A. It is also described as being just minutes from Keuka Lake, with the Village Square area serving as an active draw for both locals and visitors.
The sale can be structured as a purchase with the business as an investment opportunity, or as a property purchase for an owner who wants to create a new concept for the space. The listing notes flexibility for buyers considering either operating the existing bar or repositioning the retail environment. The property is also offered together or separately with 62 Pulteney St., home of The Portside Bistro, allowing buyers to evaluate a single-asset purchase or a broader downtown dining and beverage portfolio.
Located just off the Village Square and over the bridge in “downtown” Hammondsport, the property is situated in a high-traffic setting along Route 54A. It is also described as being just minutes from Keuka Lake, with the Village Square area serving as an active draw for both locals and visitors.
The sale can be structured as a purchase with the business as an investment opportunity, or as a property purchase for an owner who wants to create a new concept for the space. The listing notes flexibility for buyers considering either operating the existing bar or repositioning the retail environment. The property is also offered together or separately with 62 Pulteney St., home of The Portside Bistro, allowing buyers to evaluate a single-asset purchase or a broader downtown dining and beverage portfolio.
Key Highlights
- Established Hidden Cork Wine & Beer Bar in Hammondsport with an on‑site daily running business
- Bar and retail space located just off the Village Square and over the bridge
- High‑traffic location on Route 54A in downtown Hammondsport
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 | $35.4k | $18.00 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $33.9k | $17.24 |
| − OpEx | −$8.5k | −$4.31 |
| NOI | $25.4k | $12.93 |
1,965 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$363.0K
$317.7K – $423.6K
NOI $25,413 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.0K
$419.2K – $558.9K
NOI $33,533 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Five Star Bank
Shops & Services
1,431 visits/mo
0.2 miles
Demographics for 14840, NY
2,905
Population
2,774
Households
1
Avg Household Size
55
Median Age
37%
College-Educated
95%
High-School Grad
58.6 sq mi
ZIP Area
50
Density / Sq Mi
$84,663
Median Household Income
$40,082
Median Earnings
$754
Median Rent
$223,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Burgers & Beer of Hammondsport — 41 Shethar St, Hammondsport, NY 14840
- Maloney's Pub — 57 Pulteney St, Hammondsport, NY 14840
- Park Inn — 37 Shethar St, Hammondsport, NY 14840
- Over The Bridge Wine — 54 Pulteney St, Hammondsport, NY 14840
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established Hammondsport bar and retail space on Route 54A near the Village Square and bridge, available for sale or business purchase.
Where is this bar & pub located?
The property is located at 54 Pulteney St Hammondsport, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Established Hidden Cork Wine & Beer Bar in Hammondsport with an on‑site daily running business; Bar and retail space located just off the Village Square and over the bridge; High‑traffic location on Route 54A in downtown Hammondsport
