Financial
Distress signals
Property profile

188 S Erie St Mayville, NY 14757

FOR SALE
Turn key restaurants
Property ID
US63-0332240
5,500 SF 0.71 ac lot Built 1995
Last sale Nov 2024 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Situated at 188 S Erie Street in Mayville, the property is a mixed-use building with more than 5,000 square feet located within the B2 Lakeside Business Overlay District. The interior includes soaring ceilings with architectural trusses, open-concept spaces, oversized windows, and panoramic views of Chautauqua Lake. Existing features include a commercial kitchen layout, a central bar, and waterfront patios, supported by generous on-site parking. The building is positioned for direct access to

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$390k
Assessed land$47k
Assessed improvement$343k

Value estimate

· Sep 2026
$1.10M
$990k – $1.21M
AI approach$1.10M
NOI build-up
Gross scheduled income$74k
Vacancy & credit loss−$10k
Operating expenses−$34k
NOI · 3.70% cap applied$31k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$100/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$44 – $174

Cap rate analysis

How does the asset earn?
3.70%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
05 - COMMERCIAL
JurisdictionCHAUTAUQUA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.5
Dental Office9.1
Hair Salon9.1

Location

188 S Erie St Mayville, NY 14757
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 11 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5117 Lk, Mayville, NY 14757 $300,000 Mar 2025 1,450 SF
199 Lk, Mayville, NY 14757-9693 $750,000 Feb 2024 8,125 SF
5 Blanchard, Mayville, NY 14757-1156 $9,000 Jul 2023 2,735 SF
56 Erie, Mayville, NY 14757-1109 $39,000 Jul 2023 910 SF
95 Lk, Mayville, NY 14757-9695 $250,000 Jul 2023 2,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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