24 Water St - Hospitality FOR SALE


Hammondsport, NY 14840
$2,700,000 USD
607-481-9535
24 Water St, Hammondsport, NY for Sale
$2,700,000 USD
Hospitality - FOR SALE
1/46
null | 10.24% Cap Rate

24 Water St
Hammondsport, NY 14840


HIGHLIGHTS

  • Over 230 Feet of Lake Frontage
  • Modern Established Lodging
  • Multiple Streams of Turnkey Income
  • Private Residence On Site
  • Marina and Private Boat Launch

OVERVIEW

The Keuka Lakeside Inn presents a rare opportunity to acquire a waterfront hospitality property in the heart of New York’s Finger Lakes Region. Situated along the shores of Keuka Lake with over 230 feet of lake frontage, the offering includes a renovated 17-room inn, 20-slip marina, private boat launch, and a lake-view residence. Located within walking distance of the Village of Hammondsport’s restaurants, shops, wineries, breweries, and attractions, the property benefits from strong regional tourism and established guest demand. Recent improvements throughout the guest accommodations and grounds support continued operations while still offering future growth potential. Multiple income streams from lodging, marina operations, and residential use create flexibility for investors, owner-operators, or hospitality groups. The residential component provides an opportunity for on-site ownership, management housing, or additional rental income. With direct lake access, outdoor gathering spaces, established operations, and expansion potential, this property could also serve as a long-term retirement investment for an owner-operator seeking both lifestyle and income in one of the Finger Lakes’ premier waterfront destinations.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$402 USD /SF

# OF ROOMS

17

PRICE/ROOM

$158,824 {currency}

CAP RATE

10.24%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Keuka Lakeside Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

B1

APN/PARCEL ID

467201-118-006-0001-024-100

ASK ABOUT THIS PROPERTY

Joseph LongHoward Hanna CorningMore Info
607-481-9535

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Joseph LongHoward Hanna CorningMore Info
607-481-9535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.