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American Hotel 7304 E Main St 10 Room Hotel Lima, NY 14485 $399,900 ($39,990/Room)
INVESTMENT HIGHLIGHTS
- Prime Location- 3K Cars Pass Through Intersection
- Funding Could Be Plentiful with Grants!
- Where else will you find 13,000 sqft at this price?
EXECUTIVE SUMMARY
Looking for cash flow, tax advantages, and serious upside? The American Hotel of Lima is a 13,000 sq. ft. mixed-use landmark listed on the National Register of Historic Places. It already generates income with hotel rooms, apartments, offices, and a restaurant/bar — plus a banquet hall for events. But It can be just about anything you can dream up. Here’s why this is too good to pass up: Historic Tax Credits up to 40% (federal + NYS) = massive ROI leverage for renovations. Multiple income streams in place, with expansion potential into a boutique hotel, chef driven restaurant, wedding venue, tasting room, or more. Eligible for grant funding, adding even more financial horsepower. Original architectural features (tin ceilings, iron columns, balconies, arched windows) preserve historic charm while boosting long-term value. Prime location at Routes 20 & 15A, putting you in front of thousands of cars daily plus Finger Lakes tourism traffic. Be the investor who writes the next chapter.
PROPERTY FACTS
AMENITIES
- Restaurant
- High Speed Internet Access
- Bed & Breakfast
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 10 | $95.00 | - |
PROPERTY TAXES
| Parcel Number | 243201-037-014-0001-077-000-0000 | Improvements Assessment | $147,800 |
| Land Assessment | $20,700 | Total Assessment | $168,500 |
PROPERTY TAXES
Parcel Number
243201-037-014-0001-077-000-0000
Land Assessment
$20,700
Improvements Assessment
$147,800
Total Assessment
$168,500
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Presented by
Empire Realty Group-Danville
American Hotel | 7304 E Main St
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