Property summary
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
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Specialty Food Shop Candy Store
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Restaurant
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Furniture & Home Goods Home Decor Store
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Cafe & Coffee Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Mayville, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Mayville, NY.
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