Property profile

8223 Ny-5 Westfield, NY 14787

OFF-MARKET
Hospitality properties
3,120 SF Built 1830
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Hospitality properties
Year built 1830
Total area 3,120 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8223 Ny-5 Westfield, NY 14787
Westfield metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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