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114-116 E Main St 6,240 SF 100% Leased Retail Building Penn Yan, NY 14527 $1,499,999 ($240.38/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
This property is a fully renovated luxury mixed-use building, combining historic character with modern high-end finishes. Built in the early 1900s, it is located in the heart of downtown Penn Yan, just minutes from Keuka Lake and surrounded by the Finger Lakes region’s wineries, restaurants, and boutique shops.
The building offers approximately 6,200–7,000 square feet across three floors of equal size, creating a rare opportunity to combine commercial and residential living in one property.
The first floor is a polished commercial space currently used as an accounting office. It features high ceilings, large display windows, and excellent Main Street visibility, making it ideal for professional services or boutique retail. The space includes custom-built wooden furniture crafted by Mennonite artisans, three bathrooms, two private offices, and a large open workspace with built-in desks and a reception area. The layout also allows flexibility for different business uses or potential division into multiple suites.
The second and third floors form a luxury residential apartment designed with a private, retreat-like atmosphere. The second floor features hardwood floors, large windows, and preserved architectural details blended with modern upgrades. The open-concept kitchen is equipped with high-end Bosch appliances, custom wood cabinetry, granite countertops, a pantry with built-in shelves, and a spacious dining area. This level also includes a private office with a half bath, one bedroom, a full bathroom, and a large living room. The second floor also features a fully furnished laundry room with granite countertops, a utility sink, and top-quality appliances.
The third floor is designed as a wellness-focused primary suite. It includes a large primary bedroom with a furnished wall-to-wall walk-in closet, and an expansive spa-style primary bathroom featuring a walk-in shower with multi-function shower heads and a massage tub. There is also an additional room, currently used as a gym, which can easily serve as a third/fourth bedroom or flexible living space, and it includes a private sauna.
The property also includes a basement suitable for storage.
Additional highlights include a recently renovated roof, new wooden shutters on all windows, central air conditioning, and gas forced-air heating.
This is not a conventional income-generating rental property; it is a high-end residence tailored for individuals who value luxury and the convenience of a refined, professional workspace seamlessly integrated into their home. For this reason, standard rent roll metrics are not a meaningful basis for evaluating the property.
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
The building offers approximately 6,200–7,000 square feet across three floors of equal size, creating a rare opportunity to combine commercial and residential living in one property.
The first floor is a polished commercial space currently used as an accounting office. It features high ceilings, large display windows, and excellent Main Street visibility, making it ideal for professional services or boutique retail. The space includes custom-built wooden furniture crafted by Mennonite artisans, three bathrooms, two private offices, and a large open workspace with built-in desks and a reception area. The layout also allows flexibility for different business uses or potential division into multiple suites.
The second and third floors form a luxury residential apartment designed with a private, retreat-like atmosphere. The second floor features hardwood floors, large windows, and preserved architectural details blended with modern upgrades. The open-concept kitchen is equipped with high-end Bosch appliances, custom wood cabinetry, granite countertops, a pantry with built-in shelves, and a spacious dining area. This level also includes a private office with a half bath, one bedroom, a full bathroom, and a large living room. The second floor also features a fully furnished laundry room with granite countertops, a utility sink, and top-quality appliances.
The third floor is designed as a wellness-focused primary suite. It includes a large primary bedroom with a furnished wall-to-wall walk-in closet, and an expansive spa-style primary bathroom featuring a walk-in shower with multi-function shower heads and a massage tub. There is also an additional room, currently used as a gym, which can easily serve as a third/fourth bedroom or flexible living space, and it includes a private sauna.
The property also includes a basement suitable for storage.
Additional highlights include a recently renovated roof, new wooden shutters on all windows, central air conditioning, and gas forced-air heating.
This is not a conventional income-generating rental property; it is a high-end residence tailored for individuals who value luxury and the convenience of a refined, professional workspace seamlessly integrated into their home. For this reason, standard rent roll metrics are not a meaningful basis for evaluating the property.
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
$1,499,999
Price Per SF
$240.38
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.41
Lot Size
0.04 AC
Zoning
Mixed - Mixed use luxury building located in a business district
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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