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    7434 Fair Haven Rd Homer, NY 13077

    Sponsored
    For Sale
    $1,750,000

    Profitable Restaurant & Marina on Skaneateles Lake

    Property size:
    4,788 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, The Glen Haven Marina, presents a unique investment opportunity on the coveted Skaneateles Lake in Homer, NY. The 5.8-acre waterfront site boasts over 1,100 feet of private shoreline and includes a thriving, full-service restaurant and a marina with 40 boat slips (all currently leased on a year-by-year basis). The restaurant operates under a net lease with 9.3 years remaining (commencing February 1, 2023, and expiring February 28, 2034), ensuring consistent income. The property features a three-story building totaling 4,788 square feet, renovated in 2014, and includes a private third-floor living space. The marina generates substantial annual income, exceeding $115,000, and offers a private boat launch membership program, adding to its revenue streams. The property also presents potential for expansion, with room for an additional 12-15 boat slips. The asking price is $1,750,000 ($365.50/sq ft), reflecting the property's prime location, established business, and significant development potential. The property is zoned commercial and includes ample parking for 100 vehicles. This turnkey operation is situated in a highly desirable location, offering a blend of established income and future growth opportunities. Built in 1900, this property is a rare find, combining a successful restaurant and a well-established marina business.

    Property Features for 7434 Fair Haven Rd

    General Information

    Property type
    Restaurants
    Square Feet
    4,788 SF
    Lot Size
    252,648 SF

    Building Details

    Year Built/Renovated
    1900/2014
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • $115,000+ annual marina income.
    • Over 1,100 feet of lake frontage.
    • Private boat launch membership program included.
    • Potential to expand marina by 12‑15 slips.
    • Private third‑floor living space.
    • Recent capital improvements completed.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Glen Haven American Restaurant

    Suggested Use

    Hotel & Motel Department Store Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homer
    County
    Cortland
    State
    New York
    Longitude
    -76.268046631749
    Latitude
    42.76598484219

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    FAQs

    What type of property is this?
    Restaurant - Profitable Restaurant & Marina on Skaneateles Lake
    Where is this restaurant located?
    The property is located at 7434 Fair Haven Rd Homer, NY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $115,000+ annual marina income.; Over 1,100 feet of lake frontage.; Private boat launch membership program included.
    Request Owner's contact information
    7434 Fair Haven Rd Homer, NY 13077
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    Homer, NY 13077
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7434 Fair Haven Rd Homer, NY 13077
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