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Property profile & analytics
OFF-MARKET
Investment properties

4 Main St Canton, NY 13617-1207

1,364 SF 0.21 ac lot Built 1950
Entity Owned 17-yr Hold Free & Clear
Property ID
US63-6168677
Property summary
AI-generated overview

This exceptional investment opportunity presents the Cascade Inn & Motel, a well-established landmark in Canton, NY. Situated on 1.8 acres of prime waterfront property along the picturesque Grasse River, this property enjoys high visibility in a bustling downtown location. The property comprises a motel with over 20 rooms, each equipped with box springs, mattresses, Wi-Fi, and a full bathroom, ensuring comfortable guest accommodations. A fully functional commercial kitchen, dining tables, chairs, and essential kitchen equipment are in place within the restaurant, ready for a new operator to capitalize on its potential as a popular local eatery. Adding to the property's unique appeal is a bar area located below the restaurant, accessible via a separate entrance and offering breathtaking river views. The Cascade Inn & Motel has long been a cherished community establishment, providing a solid foundation for a new owner to revitalize and expand upon its existing success. This turnkey operation offers a rare chance to own a thriving business with significant waterfront acreage in a desirable location. The property's established reputation and prime location make it an ideal investment for those seeking a profitable venture with high growth potential. The asking price is $1,250,000. This is a unique opportunity to acquire a multi-faceted business with significant upside.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1950
Total area 1,364 SF
Lot 0.21 ac (9,148 SF)
Zoning code 01 - NOT ZONED
APN 402201 88.042-6-2
UPID US63-6168677
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
  • H&R Block Tax Preparation
  • Grasse River Real Estate Real Estate Agency
  • Pat Collins Real Estate: Asplanalp Gail Real Estate Agency
  • Cascade Inn Restaurant
  • The Buccaneer Lounge Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lavigne Ents LLC · 17 yrs held
Lavigne Ents LLC
since 2009
2 recorded transactions
2009
Price N/A
2006
$8,000
Zoning & alternative use
01 - NOT ZONED · Canton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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