5959 Main St Olcott, NY 14126
This exceptional investment opportunity encompasses two buildings totaling 6,260 square feet on a 0.07-acre lot in Olcott, NY. The main building, a fully renovated sports bar with a large patio offering lake views, features a ground floor bar and four second-floor apartments, plus a first-floor studio with a walk-out deck. A second building, currently leased as a restaurant, offers additional income potential and could be integrated with the sports bar. Both buildings are included in the asking price of $599,900 ($95.83/sq ft). Built in 1999, the property boasts newer roofing, siding, and furnace. A liquor license may be available to a new tenant, ensuring year-round income. The seller is willing to consider a private mortgage with a $200,000 down payment for a qualified buyer. This prime location in Olcott Harbor, near the pier, Carousel Park, Lakeview Fair Village Shops, and other attractions, provides excellent visibility and access to a thriving tourist destination. The property's proximity to Lake Ontario, fishing spots, and other local amenities further enhances its appeal. The sale includes both buildings
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.