Property profile

32 Venice St Celoron, NY 14720

OFF-MARKET
Commercial real estate
Property ID
US63-2939849
11,700 SF 4.5 ac lot Built 1998
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Property summary

AI-generated overview

This exceptional full-service marina on Chautauqua Lake presents a rare investment opportunity. Situated on approximately 4.5 acres with 440 feet of lake frontage and 300+ feet of road frontage, the property boasts a prime location near amenities including gas stations, shops, restaurants, and Chautauqua Institution. The marina includes numerous slips, storage facilities, a gas dock, a mechanic shop, and offers boat and kayak rentals. Extensive storage buildings totaling over 40,000 square feet comprise the property, including a 12,000 sq ft pole barn, a 14,000 sq ft storage barn, a 5,000 sq ft newer pole barn, a 6,500 sq ft barn, and a 9,000 sq ft L-shaped pole barn. A 6,000 sq ft main workshop and showroom area has been completely rebuilt with insulation. Heavy-duty marine equipment is included, featuring a 30-ton travel lift, a 10-ton diesel forklift, a bobcat boat mover, various attachments, a four-wheeler, a people mover, and shop air compressor systems. This established marina, the third largest on the lake, holds a concession contract with Long Point State Park (renewal subject to NYS application). An alternative equity sale option is available for $625,000, with the buyer assuming two loans at 3.75% and 4.25% interest. Detailed financial information is available to qualified buyers under a non-disclosure agreement.

Property profile

Verified
Property type Commercial real estate
Year built 1998
Total area 11,700 SF
Lot 4.5 ac (196,020 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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

32 Venice St Celoron, NY 14720
Celoron metro
Google Maps

Value estimations

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Owner & transaction history

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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