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114-116 E Main St 6,240 SF 100% Leased Retail Building Penn Yan, NY 14527 $1,950,000 ($312.50/SF)
Investment Highlights
- Prime Main Street frontage in the heart of downtown Penn Yan
- High-end finishes with an elevated, hospitality-inspired design aesthetic
- Located in the Finger Lakes Wine Country near Keuka Lake, wineries, and wedding venues
- Flexible mixed-use asset featuring 1,560 SF of ground-level commercial space with a 4,680 SF two-story luxury residence above.
- Dedicated sauna/wellness area enhancing marketability and user experience
- Within reach of Rochester, Syracuse, and regional airports for convenient travel
Executive Summary
Step inside 114–116 Main Street and the experience immediately feels different from a typical mixed-use property. The building’s design, high-end finishes, and wellness-inspired atmosphere create an environment that feels more like a private retreat than a traditional commercial space. The property’s current design conveys an elevated, hospitality-inspired atmosphere — more akin to a private retreat than a traditional mixed-use building. From the moment you enter, the space reflects refined detailing and a high-end aesthetic, enhanced by designer finishes and a dedicated sauna area. This distinctive character enhances marketability and user experience without limiting the property’s versatility.
Located in the heart of downtown Penn Yan in the Finger Lakes Wine Country, this rare offering includes 1,560 SF of highly visible Main Street commercial space with a luxury two-story residence above totaling approximately 4,680 SF.
The Finger Lakes region has become one of the fastest-growing tourism destinations in the Northeast, driven by its internationally recognized wineries, wedding venues, lake tourism, and year-round visitor traffic.
The layout and atmosphere lend themselves naturally to experience-driven concepts such as boutique wellness, spa services, hospitality-focused retail, wine lounge concepts, or other destination businesses.
The luxury residence above creates a rare opportunity to combine lifestyle and business ownership within one property, allowing owners to live on-site while operating a concept-driven business below.
Penn Yan sits in the center of the Finger Lakes wine region with convenient access to Penn Yan Airport and Elmira Corning Regional Airport, attracting visitors and entrepreneurs from major metro areas including New York City and Boston. Rochester International Airport and Syracuse International Airports are also close enhancing convenience.
Properties that combine luxury residential living with highly visible Main Street commercial space are exceptionally rare in the Finger Lakes market. This property offers a distinctive opportunity to create a destination business in one of the region’s most desirable tourism corridors.
Property Highlights:
1. Luxury Mixed-Use Property in Downtown Penn Yan
2. 1,560 SF Prime Main Street Commercial Space
3. 4,680 SF Two-Story Luxury Residence Above
4. Located in the Finger Lakes Wine Country Tourism Market
5. Ideal for Hospitality, Wellness, or Experiential Retail Concepts
6. Walkable Downtown Location Near Wineries & Wedding Venues
Located in the heart of downtown Penn Yan in the Finger Lakes Wine Country, this rare offering includes 1,560 SF of highly visible Main Street commercial space with a luxury two-story residence above totaling approximately 4,680 SF.
The Finger Lakes region has become one of the fastest-growing tourism destinations in the Northeast, driven by its internationally recognized wineries, wedding venues, lake tourism, and year-round visitor traffic.
The layout and atmosphere lend themselves naturally to experience-driven concepts such as boutique wellness, spa services, hospitality-focused retail, wine lounge concepts, or other destination businesses.
The luxury residence above creates a rare opportunity to combine lifestyle and business ownership within one property, allowing owners to live on-site while operating a concept-driven business below.
Penn Yan sits in the center of the Finger Lakes wine region with convenient access to Penn Yan Airport and Elmira Corning Regional Airport, attracting visitors and entrepreneurs from major metro areas including New York City and Boston. Rochester International Airport and Syracuse International Airports are also close enhancing convenience.
Properties that combine luxury residential living with highly visible Main Street commercial space are exceptionally rare in the Finger Lakes market. This property offers a distinctive opportunity to create a destination business in one of the region’s most desirable tourism corridors.
Property Highlights:
1. Luxury Mixed-Use Property in Downtown Penn Yan
2. 1,560 SF Prime Main Street Commercial Space
3. 4,680 SF Two-Story Luxury Residence Above
4. Located in the Finger Lakes Wine Country Tourism Market
5. Ideal for Hospitality, Wellness, or Experiential Retail Concepts
6. Walkable Downtown Location Near Wineries & Wedding Venues
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,240 SF
Building Class
C
Year Built
1900
Price
$1,950,000
Price Per SF
$312.50
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.58
Lot Size
0.04 AC
Zoning
Mixed - Mixed use luxury building located in a business district
Frontage
26’ on Main Street
Amenities
- Security System
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 573001-049-075-0001-010-000-0000 | Improvements Assessment | $184,100 |
| Land Assessment | $4,900 | Total Assessment | $189,000 |
Property Taxes
Parcel Number
573001-049-075-0001-010-000-0000
Land Assessment
$4,900
Improvements Assessment
$184,100
Total Assessment
$189,000
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114-116 E Main St
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