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    OFF-MARKET Estimated value $520,000
    Turn key restaurants

    310 Lk St, Wilson, NY 14172

    8,118 SF 0.8 ac lot Built 1985
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US63-1712800
    Property summary
    AI-generated overview

    This exceptional 10,197 square foot property, situated on a 0.8-acre corner lot in Wilson, NY, presents a rare investment opportunity. Built in 1844, this beautifully reclaimed and revitalized historic cobblestone building has served as a beloved restaurant and inn for decades. The extensive renovations, completed beginning in 2016, encompass a complete overhaul, including a new roof, siding, gutters, electrical system, ductwork, four new furnaces, four new hot water heaters, and a stunning new bar featuring 16 taps and seating for 23. The building offers ample space, with seating for over 200 patrons in the restaurant area. Seven tastefully redesigned inn rooms, each with a private bath, provide additional income potential. The sale includes all restaurant equipment and most furnishings, making this a turnkey operation. The property boasts ample parking for 70+ vehicles. Located in a charming harbor town just one mile from Lake Ontario (a three-minute drive), this property benefits from proximity to marinas, fishing tournaments, wineries, and the renowned Niagara Falls. The possibilities are endless: continue the established restaurant and inn, or explore diverse ventures such as a bed and breakfast, catering business, wedding venue, short-term rentals, or historical tours. This cornerstone business is ready for a new owner to capitalize on its established reputation and prime location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1985
    Total area 8,118 SF
    Lot 0.8 ac (34,848 SF)
    APN 294201 23.10-1-1
    UPID US63-1712800
    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
    • Wilson House Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $496k
    Blend (final) Blend
    $520k
    Owner & transaction history
    Wilson Lake Front Props LLC · 9 yrs held
    Wilson Lake Front Props LLC
    since 2016
    1 recorded transaction
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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