7434 Fair Haven Rd Homer, NY 13077
Property profile & analytics
7434 Fair Haven Rd Homer, NY 13077
- Turn key restaurants
- 3,634 SF
- 5.80 lot acres
Property ID
US63-1760689
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Glen Haven / Restaurant
Property Details for 7434 Fair Haven Rd
- Year built
- 1940
- Lot size
- 5.80 lot acres
- Property size
- 3,634 SF
- Property type
- Turn key restaurants
- APN
- 113800 14.00-01-05.000
- APU
- 11380014000105000
Description
This exceptional 4,788 square foot commercial property, situated on a desirable 5.8-acre lot directly on Skaneateles Lake in Homer, NY, presents a rare investment opportunity. The sale includes an established, currently leased, turn-key restaurant business and a thriving marina operation, complete with all associated equipment. The marina currently boasts 29 slips generating income between $1850 and $1950 each, and 10 pontoon lifts at $2350 each, with significant potential for expansion. Recent improvements have significantly enhanced the property's value and operational efficiency. These include a complete marina dredging, a new seawall, tree removal, new docks, and the installation of 10 new pontoon lifts. The main building has also undergone substantial renovations. This includes a new roof on half the building, replacement windows and insulation on the second floor, a complete renovation of a second-floor suite, and a new well and water treatment system. The restaurant itself has also benefited from upgrades, including a new dishwasher, a new fryer, an upgraded Ansul system and exhaust hood, and new flooring. A new second-floor exit with a covered stairwell has also been added. This property offers substantial income potential from the existing marina, restaurant, and lodging opportunities, with significant room for future expansion and development. Priced at $1,750,000, this is a truly unique opportunity to acquire a profitable and highly desirable commercial property on the shores of Skaneateles Lake.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Homer
- County
- Cortland
- State
- New York
- Longitude
- -76.2673
- Latitude
- 42.766
- CBSA code
- 18660
- CBSA name
- CORTLAND, NY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,111
$210,000
$75,000
$285,000
-
$313,433
$111,940
$425,373
