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    Property profile & analytics
    OFF-MARKET Estimated value $650,000
    Motels

    115 Lk Rd, Mayville, NY 14757-9695

    24,610 SF 4.75 ac lot Built 1983
    Entity Owned Free & Clear
    Property ID
    US63-2149324
    Property summary
    AI-generated overview

    This exceptional turnkey restaurant opportunity, known as Webb's Harbor Restaurant, presents a unique investment prospect in Mayville, New York. Boasting a substantial 22,200 square feet of space, this established eatery is priced at $1,495,000 ($67.34 per square foot). Currently operating at 100% occupancy, the property enjoys a prime location directly across from Chautauqua Lake, a renowned year-round vacation destination. Ample off-street parking is available for patrons and staff. The restaurant features a second-floor patio offering stunning lake views, adding to its appeal. A completely updated carryout and cafe area complements the main dining space. The property also includes extensive event and banquet facilities, capable of accommodating over 200 guests. Significant potential exists for expansion within the existing footprint. Its strategic location between Buffalo, Cleveland, and Pittsburgh, coupled with its proximity to the Chautauqua Institution (a nationally recognized educational center and resort), ensures a robust and diverse customer base. Convenient access via Westfield Exit 90 further enhances its accessibility. This property is ideally suited for continued operation as a restaurant, or repurposing as a brewery, wedding venue, or conference center.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1983
    Total area 24,610 SF
    Lot 4.75 ac (206,910 SF)
    Zoning code 05 - COMMERCIAL
    APN 062801 262.20-1-10
    UPID US63-2149324
    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
    • Catherine Brooks, Howard Hanna Holt - Mayville Real Estate Agency
    • Webb's Candy Shop Specialty Food Shop Candy Store
    • Webb's Captain's Table Restaurant Restaurant
    • Cottage By Pucci Furniture & Home Goods Home Decor Store
    • Webb's Carryout + Cafe Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $650k
    Owner & transaction history
    WEBB'S MOTEL, INC
    WEBB'S MOTEL, INC
    Zoning & alternative use
    05 - COMMERCIAL · Mayville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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