32 Venice St, Jamestown, NY 14720
This exceptional investment opportunity presents a thriving full-service marina situated on the picturesque Chautauqua Lake in Celoron, NY. Boasting approximately 5 acres of land and over 440 feet of desirable lake frontage, this property includes a diverse range of income-generating features. The marina offers numerous boat slips, storage facilities, a gas dock, a well-equipped mechanic shop, and rental services for boats and kayaks. Its strategic location provides easy access to local amenities, including gas stations, shops, restaurants, and the renowned Chautauqua Institution. The property comprises a series of substantial storage buildings, totaling over 47,500 square feet, including a 12,000 sq ft pole barn, a 14,000 sq ft storage barn, a newer 5,000 sq ft pole barn facing the water, a 6,500 sq ft pole barn, and a 9,000 sq ft L-shaped pole barn. A significant 6,000 sq ft workshop and showroom area has been completely rebuilt with insulation. Heavy-duty marine equipment is included in the sale, encompassing a 30-ton travel lift, a 10-ton diesel forklift, a bobcat boat mover, various attachments, a four-wheeler, a people mover, and comprehensive shop air compressor systems. This established marina, the third largest on Chautauqua Lake, holds a concession contract with New York State, awarded in 2008, which requires application for renewal. The asking price is $1,475,000. This presents a rare chance to acquire a well-established and profitable marina business with significant potential for growth.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.