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7434 Fair Haven Rd 3,000 SF 100% Leased Retail Building Homer, NY 13077 $2,336,557 CAD ($778.85 CAD/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)
• $118,000/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 42 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)
• $118,000/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 42 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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$110,280
|
$36.76
|
| Other Income |
$55,140
|
$18.38
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$165,420
|
$55.14
|
| Taxes |
$16,284
|
$5.43
|
| Operating Expenses |
$27,570
|
$9.19
|
| Total Expenses |
$43,854
|
$14.62
|
| Net Operating Income |
$121,566
|
$40.52
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $110,280 |
| Annual Per SF | $36.76 |
| Other Income (CAD) | |
|---|---|
| Annual | $55,140 |
| Annual Per SF | $18.38 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $165,420 |
| Annual Per SF | $55.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,284 |
| Annual Per SF | $5.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,570 |
| Annual Per SF | $9.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $43,854 |
| Annual Per SF | $14.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $121,566 |
| Annual Per SF | $40.52 |
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
$2,336,557 CAD
Price Per SF
$778.85 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.01
Lot Size
5.80 AC
Zoning
AG - Agricultural with commercial use
Parking
25 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Fireplace
- Restaurant
- Signage
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Number | 113800-014-000-0001-005-000-0000 | Total Assessment | $391,772 CAD |
| Land Assessment | $288,674 CAD | Annual Taxes | $16,284 CAD ($5.43 CAD/SF) |
| Improvements Assessment | $103,098 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
113800-014-000-0001-005-000-0000
Land Assessment
$288,674 CAD
Improvements Assessment
$103,098 CAD
Total Assessment
$391,772 CAD
Annual Taxes
$16,284 CAD ($5.43 CAD/SF)
Tax Year
2024
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7434 Fair Haven Rd
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