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    OFF-MARKET
    Commercial real estate

    32 Venice St, Jamestown, NY 14720

    11,700 SF
    Property ID
    US63-2939849
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 11,700 SF
    UPID US63-2939849
    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
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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