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    OFF-MARKET
    Commercial real estate

    3 Jefferson St, Ellicottville, NY 14731

    4,608 SF 0.25 ac lot Built 1835
    Property ID
    US63-3047195
    Property summary
    AI-generated overview

    This charming Ellicottville, NY inn, located at 3 Jefferson Street, presents a unique investment opportunity. Spanning 4,608 square feet on a 0.25-acre lot, this established bed and breakfast boasts five rental rooms, each with its own ensuite bathroom. Two additional pet-friendly efficiency apartments provide further income potential. The property also includes owner's quarters, a spacious one-bedroom, one-bathroom apartment with a separate entrance, conveniently located near the kitchen and office workspace. A third-floor apartment, previously used for family and friends, could serve as a caretaker's suite. The main level features a large dining room with both family-style and smaller tables, a living room complete with a fireplace and bar area, and a kitchen with a center island. The potential for a handicap-accessible bedroom and bathroom on the entry level adds to the property's versatility. Recent updates include new siding, porch, roof, hot water tanks, and dishwasher. Central air conditioning is available on the second floor. The wrap-around front porch offers a relaxing space to enjoy the village atmosphere. This property represents a piece of Ellicottville's history, offering a blend of established business and comfortable living. The property is also listed residentially under B1514674.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1835
    Total area 4,608 SF
    Lot 0.25 ac (10,890 SF)
    UPID US63-3047195
    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
    • The Jefferson Inn Bed & Breakfast Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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