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    OFF-MARKET
    Hospitality properties

    8223 Ny-5, Westfield, NY 14787

    3,120 SF Built 1830
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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