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7147 Lake Bluff Rd
Wolcott, NY 14590
WATERFRONT RESIDENTIAL/COMMERCIAL DEVELOPMENT · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- MOTIVATED SELLER. MAJOR PRICE ADJUSTMENT
- Residential Redevelopment of the Property a great option and allowed by Zoning
- Significant upside to high cap rate by expanding marina slips, boat rentals and restaurant operations.
- Premiere Waterfront Restuarant/Bar & Marina Location on Sodus Bay
- Sodus Bay provides direct access to Lake Ontario
- Short drive from Oswego, Rochester, Syracuse and the Finger Lakes.
EXECUTIVE SUMMARY
MAJOR PRICE ADJUSTMENT.
MOTIVATED SELLER-ALL OFFERS WILL BE SERIOUSLY CONSIDERED.
A ONCE IN A LIFETIME OPPORTUNITY to own the premier waterfront restaurant/bar and Marina on Sodus Bay and be witness to the most beautiful sunsets 365 days a year.
Pier Fifty-Three has a hospitality legacy that goes back over 125 years with the latest incarnation being created in 2018 with the newly constructed 5,000 s.f restaurant/Bar and multi-slip marina.
This profitable waterfront business offers a combination of food and bar service, marina slip rentals, and pontoon boat rentals. While the current owners operate the business seasonally from May thru September, the property was designed to be operational year-round with in-floor radiant heating and ceiling furnace, which would allow for significantly expanded revenues.
Included in the sale is over $200,000.00 in restaurant/bar and recreational inventory and furnishings (list attached) as well as significant investments in support infrastructure for the restaurant and marina including turnkey kitchen and bar, 23 boat slips with dock infrastructure (partial floating), 2 PWC docks, 4 Kayaks, 1 canoe, band stage, and mobile food service trailer
Property owner also has personal property available separately for sale that could enhance the business operation of the property including cabin cruisers, other misc. watercraft and an adjacent 3br, 2 bath single-family house with waterfront access. Pricing on these assets is separate from the property purchase price.
The high net margins, diverse income streams and expansion potential make this the ideal investment opportunity that will provide a strong cash flow, minimal overhead, a built-in customer base and significant upside.
RESIDENTIAL REDEVELOPMENT OPPORTUNITY.
This 1.52-acre offering includes four (4) tax parcels that include a .57-acre parcel with over 300 linear feet of waterfront. The remaining acreage is located directly across Lake Bluff Road for parking, RV park, boat storage or future development.
Sodus Bay offers protected access to Lake Ontario, the 5th largest lake in America, and is the gateway to the rest of the Great Lakes and the 1000 Islands Region.
MOTIVATED SELLER-ALL OFFERS WILL BE SERIOUSLY CONSIDERED.
A ONCE IN A LIFETIME OPPORTUNITY to own the premier waterfront restaurant/bar and Marina on Sodus Bay and be witness to the most beautiful sunsets 365 days a year.
Pier Fifty-Three has a hospitality legacy that goes back over 125 years with the latest incarnation being created in 2018 with the newly constructed 5,000 s.f restaurant/Bar and multi-slip marina.
This profitable waterfront business offers a combination of food and bar service, marina slip rentals, and pontoon boat rentals. While the current owners operate the business seasonally from May thru September, the property was designed to be operational year-round with in-floor radiant heating and ceiling furnace, which would allow for significantly expanded revenues.
Included in the sale is over $200,000.00 in restaurant/bar and recreational inventory and furnishings (list attached) as well as significant investments in support infrastructure for the restaurant and marina including turnkey kitchen and bar, 23 boat slips with dock infrastructure (partial floating), 2 PWC docks, 4 Kayaks, 1 canoe, band stage, and mobile food service trailer
Property owner also has personal property available separately for sale that could enhance the business operation of the property including cabin cruisers, other misc. watercraft and an adjacent 3br, 2 bath single-family house with waterfront access. Pricing on these assets is separate from the property purchase price.
The high net margins, diverse income streams and expansion potential make this the ideal investment opportunity that will provide a strong cash flow, minimal overhead, a built-in customer base and significant upside.
RESIDENTIAL REDEVELOPMENT OPPORTUNITY.
This 1.52-acre offering includes four (4) tax parcels that include a .57-acre parcel with over 300 linear feet of waterfront. The remaining acreage is located directly across Lake Bluff Road for parking, RV park, boat storage or future development.
Sodus Bay offers protected access to Lake Ontario, the 5th largest lake in America, and is the gateway to the rest of the Great Lakes and the 1000 Islands Region.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,723 SF
Building Class
C
Year Built
2018
Price
$1,927,542 CAD
Price Per SF
$408.12 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.52 AC
Zoning
Resort - Resort Zoning allows for a wide variety of Commercial and residential uses including the existing and proposed uses of the property.
Parking
70 Spaces (14.82 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Waterfront
PROPERTY TAXES
| Parcel Number | 542600-072-118-0000-574-733-0000 | Improvements Assessment | $420,774 CAD |
| Land Assessment | $140,258 CAD | Total Assessment | $561,032 CAD |
PROPERTY TAXES
Parcel Number
542600-072-118-0000-574-733-0000
Land Assessment
$140,258 CAD
Improvements Assessment
$420,774 CAD
Total Assessment
$561,032 CAD
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