8106 Port Bay Rd Wolcott, NY 14590
- Turn key restaurants
- 2,905 SF
- 0.42 lot acres
Current Use by Public Records
- Bayfront Construction Services / Construction Company
- The Bayfront Marina / Marina
- Brandon's Bayfront / Bar
- Candock Upstate NY / Dock Builder
- Sammy T’s At The Bayfront Marina / Restaurant
Property Details for 8106 Port Bay Rd
- Year built
- 1975
- Lot size
- 0.42 lot acres
- Property size
- 2,905 SF
- Zone code
- R
- Property type
- Turn key restaurants
- APN
- 542600 75119-00-282950
- APU
- 5426007511900282950
Description
This exceptional waterfront property in Wolcott, NY, presents a unique investment opportunity. The fully operational marina features upgraded modular floating docks accommodating 32 boats and 2 jet ski docks, situated on a 0.42-acre lot on Port Bay. A fully equipped restaurant, ready for immediate operation, complements the marina, offering spacious indoor seating for 120 guests and an outdoor patio for 70. The restaurant is currently generating revenue through boat dockage, a fuel station, and on-site amenities. Across West Port Bay Rd, a versatile multi-use lot provides significant expansion potential. Opportunities abound to increase revenue streams through boat and equipment rentals, off-season services, and hosting various community events. This turnkey operation offers immediate income and substantial long-term growth prospects. The property's prime location and existing infrastructure provide a solid foundation for a thriving business. The combination of a successful restaurant and a well-maintained marina creates a synergistic business model with multiple revenue streams. This is a rare opportunity to acquire a profitable, established waterfront business with significant upside potential. The property is priced at $599,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $450,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $515,000
- Mixed-Use
- $420,000
- Hospitality
- $440,000
- Educational
- $475,000
- Residential Income
- $530,000
- Energy
- $540,000
- Income-Based Land
- $500,000
- Food Service
- $525,000
Location Insight
- Map
- Local Demand
- City
- Wolcott
- County
- Wayne
- State
- New York
- Longitude
- -76.8355
- Latitude
- 43.2919
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
