Property profile

26-28 Washington St Ellicottville, NY 14731

OFF-MARKET
Other investment properties
Property ID
US63-2124255
6,888 SF 0.08 ac lot Built 1940
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This mixed-use property in Ellicottville, New York includes a restaurant and bar area and residential units above. The commercial space is configured with an interior layout suited for live entertainment, featuring a combination of memorabilia displays, rustic finishes, and an original vaulted ceiling. The restaurant provides table seating for more than 130 guests, with a bar seating capacity for more than 21 guests, and includes a speakeasy-style private room adjacent to the main dining area with a full bar and seating for more than 30 guests. The kitchen is equipped with commercial kitchen equipment and is supported by a large basement that provides additional refrigeration and storage, including multiple refrigeration units for beverage and food storage plus backup systems for utilities. The residential component consists of five renovated apartments on the second floor (The Brickstone Suites) and an additional sixth apartment located above the carriage house; the second-floor units are separately metered and include one-bedroom and studio configurations, updated for short-term or long-term rental. The property comprises a lot of 0.0791 acres with approximately 6,888 square feet of living area, and includes the right to continue operating under the “Gin Mill” name.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 6,888 SF
Lot 0.08 ac (3,444 SF)
Zoning code 05 - COMMERCIAL
APN 043601 55.035-3-38.2
UPID US63-2124255

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Vacation Rental Real Estate Agency

Location

26-28 Washington St Ellicottville, NY 14731
Ellicottville metro Census 960704 OLEAN, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2015
3 recorded transactions
2015
$590,000
2015
$500,000
2008
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Ellicottville, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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