7434 Fair Haven Rd, Homer, NY 13077
For Sale
1 / 11
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.
-
The Glen Haven Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.