8223 Ny-5, Westfield, NY 14787
This exceptional investment opportunity presents a beautifully appointed, historic bed and breakfast nestled on the shores of Lake Erie near Barcelona Harbor, New York. Built in 1830, this charming property boasts 3,120 square feet across two buildings and two stories, featuring five luxuriously appointed suites, each designed for comfort and relaxation. The property enjoys a prime location with beach access and proximity to local attractions, contributing to its strong rental history and consistently high 5-star reviews. The high occupancy rates and excellent guest feedback demonstrate a successful and profitable business model. Included in the sale are all furnishings, enhancing the turnkey nature of this opportunity. Furthermore, a newly constructed private apartment above a two-car garage provides comfortable owner's quarters with full amenities. The property sits on a commercially zoned lot and includes five parking spaces. This is an ideal opportunity for investors seeking a high-return hospitality business or those looking for a tranquil, successful B&B operation. The asking price is $897,500, with a price per square foot of $287.66. The property's APN is 067289-192-007-0001-027-000.
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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.