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Investment Highlights

  • Heavy vehicle and boat traffic
  • Prime Location!
  • Dock conveys with purchase

Executive Summary

Introducing 188 South Erie Street, a landmark waterfront opportunity along the shores of Chautauqua Lake offering over 5,000 square feet of mixed-use space with extraordinary residential, hospitality, and commercial potential. Formerly home to one of the area’s most recognized lakefront destinations, the property is now positioned to offer a rare opportunity for an owner, investor, or visionary entrepreneur to write this iconic property’s next chapter. Inside, soaring ceilings, dramatic architectural trusses, expansive open-concept interiors, and panoramic lake views create an atmosphere unlike anything else on the lake. Originally designed for gathering and entertaining on a grand scale, the existing layout naturally lends itself to a luxury waterfront residence, boutique hospitality concept, mixed-use development, or a wide range of commercial and lifestyle-oriented ventures. Existing infrastructure includes a commercial kitchen layout, large central bar, expansive waterfront patios, oversized windows, generous parking, and a footprint adaptable to multiple concepts. Dock rights leased through the Village with access directly outside the building, direct access to the snowmobile trail system, and prominent visibility from the water, Route 394, and the Chautauqua Rails-to-Trails create exceptional year-round accessibility and exposure. Located within the B2 Lakeside Business Overlay District, the property offers true mixed-use flexibility with additional opportunities potentially available subject to municipal approvals. Whether envisioned as a signature lakefront residence, destination hospitality venue, mixed-use waterfront development, or an entirely new concept, 188 South Erie represents a rare adaptive reuse and legacy opportunity in one of Western New York’s most scenic waterfront settings. Ideally positioned within close proximity to Pittsburgh, Buffalo, Cleveland, and the Canadian border, the property is exceptionally well-suited for both seasonal and year-round enjoyment. 188 South Erie is offered for both purchase or lease @$6950/mo..

Attachments

Floor Plan Page

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,500 SF
Building Class
C
Year Built
2003
Price
$825,000
Price Per SF
$150
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.77 AC
Zoning
02 - SINGL
Parking
41 Spaces (7.45 Spaces per 1,000 SF Leased)
Frontage
200’ on ERIE ST

Amenities

  • Freeway Visibility
  • Restaurant
  • Skylights
  • Waterfront
  • Wheelchair Accessible
  • Air Conditioning
  • Balcony
  • Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100

Nearby Major Retailers

Tim Hortons
Tops Friendly Markets
Northwest Bank

Property Taxes

Property Taxes

Parcel Number
062801-262-012-0003-010-000
Land Assessment
$47,100
Improvements Assessment
$342,900
Total Assessment
$390,000
  • Listing ID: 40768007

  • Date on Market: 6/3/2026

  • Last Updated:

  • Address: 188 S Erie St, Mayville, NY 14757

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