Property summary
This exceptional multifamily investment opportunity presents a unique blend of residential and commercial potential, situated on a picturesque 1.37-acre lot in Findley Lake, New York. The property comprises two buildings: a charming, two-story main house (2,243 sq ft) and a renovated barn (the remaining square footage). The main house, originally built in 1904 and previously operating as the Blue Heron Inn (a restaurant/bed and breakfast from 1997-2017), now offers five units, including four ensuite bedrooms. The main house features gleaming maple floors, vintage woodwork, an updated kitchen with commercial-grade appliances, and a separate bar. A large enclosed porch and covered deck provide breathtaking lake views. The renovated barn offers three first-floor spaces ideal for retail, office, or studio use, plus an upstairs efficiency apartment. Three of these four barn units are currently rented, generating $1,500 in monthly income. The property boasts eight parking spaces and is zoned Business B1, allowing for diverse uses. Located near Peek'N Peak Resort and Chautauqua, this property offers convenient access to Buffalo, Cleveland, and Pittsburgh. The combined square footage of both buildings totals 5,289 square feet. This property is a rare find, combining residential living with significant income-generating potential. The APN is 065200-359-006-0001-010-000 & 6-1-11. The asking price is $599,000.
Property profile
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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