7434 Fair Haven Rd
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7434 Fair Haven Rd
3,000 SF Vacant Retail Building Homer, NY 13077 $1,750,000 ($583/SF)
Investment Highlights
- 40 Boat Slip/Lifts
- Turn-Key Restaurant
- marina expansion potential
- 1100' +/- lake frontage
Executive Summary
• 1 of only 2 private marinas on Skaneateles Lake
• 5.5 +/- acres
• Marina Business
• Full-Service Restaurant (10 yr. Lease)
• $115,000/yr. +/- Marina Income
• Over 1,100’ +/- Lake Frontage
• Private Boat Launch with Parking
• Boat Slip/Marina Expansion Potential
• Private Third Floor Living Space
The Glen Haven Restaurant & Marina consists of 5.5+- acres with over 1,100' +- of private waterfront, being 1 of 2 private marinas on Skaneateles Lake. The marina offers 40 Boat slips (fully leased year-by-year), private boat launch memberships program, a turn-key marina business and a successful full-service restaurant with a year round, 10 year lease in place.
• 5.5 +/- acres
• Marina Business
• Full-Service Restaurant (10 yr. Lease)
• $115,000/yr. +/- Marina Income
• Over 1,100’ +/- Lake Frontage
• Private Boat Launch with Parking
• Boat Slip/Marina Expansion Potential
• Private Third Floor Living Space
The Glen Haven Restaurant & Marina consists of 5.5+- acres with over 1,100' +- of private waterfront, being 1 of 2 private marinas on Skaneateles Lake. The marina offers 40 Boat slips (fully leased year-by-year), private boat launch memberships program, a turn-key marina business and a successful full-service restaurant with a year round, 10 year lease in place.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$80,000
|
$26.67
|
| Other Income |
$40,000
|
$13.33
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$40.00
|
| Taxes |
$11,813
|
$3.94
|
| Operating Expenses |
$20,000
|
$6.67
|
| Total Expenses |
$31,813
|
$10.60
|
| Net Operating Income |
$88,187
|
$29.40
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $80,000 |
| Annual Per SF | $26.67 |
| Other Income | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $13.33 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $40.00 |
| Taxes | |
|---|---|
| Annual | $11,813 |
| Annual Per SF | $3.94 |
| Operating Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $6.67 |
| Total Expenses | |
|---|---|
| Annual | $31,813 |
| Annual Per SF | $10.60 |
| Net Operating Income | |
|---|---|
| Annual | $88,187 |
| Annual Per SF | $29.40 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built
1900
Price
$1,750,000
Price Per SF
$583
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.01
Land Acres
5.80 AC
Zoning
AG - Agricultural with commercial use
Parking
25 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
50 FT on Fair haven
Amenities
- Fireplace
- Restaurant
- Signage
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Number | 113800-014-000-0001-005-000-0000 | Total Assessment | $285,000 (2023) |
| Land Assessment | $210,000 (2023) | Annual Taxes | $11,813 ($3.94/SF) |
| Improvements Assessment | $75,000 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
113800-014-000-0001-005-000-0000
Land Assessment
$210,000 (2023)
Improvements Assessment
$75,000 (2023)
Total Assessment
$285,000 (2023)
Annual Taxes
$11,813 ($3.94/SF)
Tax Year
2024
-
Pat Scutari -
Washington Street Partners
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7434 Fair Haven Rd
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