5959 Main St Olcott, NY 14126
- Retail properties
- 6,260 SF
- 0.07 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5959 Main St
- Year built
- 1999
- Lot size
- 0.07 lot acres
- Property size
- 6,260 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olcott
- County
- Niagara
- State
- New York
- Longitude
- -78.7146
- Latitude
- 43.3382
