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Lakeland Winery 877 State Fair Blvd 2,490 SF Retail Building Solvay, NY 13209 $650,000 ($261.04/SF) 13.59% Cap Rate
Executive Summary
Lakeland Winery – Turnkey Winery, Tasting Room & Real Estate Opportunity
Exceptional opportunity to acquire a fully operational boutique winery and tasting room with real estate included, located on highly visible State Fair Boulevard near the New York State Fairgrounds. This established operation offers retail wine sales, tastings, and limited distribution, supported by strong local traffic and seasonal tourism.
The offering includes a ~2,490 SF commercial building on 0.26 acres, outfitted with all necessary winemaking equipment, fixtures, and tasting room improvements, allowing for a seamless transition to new ownership. The business presents stable revenue with upside potential through expanded marketing, events, wholesale channels, and extended hours.
Attractive financing component: the seller has an assumable SBA loan of approximately $275,000 at 3.75%, providing a compelling low-rate financing advantage for qualified buyers.
Ideal for an owner-operator or investor seeking entry into the growing craft beverage sector, this is a turnkey opportunity with brand presence, existing inventory, and operational infrastructure in place. Inventory to be transferred separately at closing.
Strong visibility, favorable financing, established operations, and growth potential make this a compelling acquisition in the Central New York market.
Exceptional opportunity to acquire a fully operational boutique winery and tasting room with real estate included, located on highly visible State Fair Boulevard near the New York State Fairgrounds. This established operation offers retail wine sales, tastings, and limited distribution, supported by strong local traffic and seasonal tourism.
The offering includes a ~2,490 SF commercial building on 0.26 acres, outfitted with all necessary winemaking equipment, fixtures, and tasting room improvements, allowing for a seamless transition to new ownership. The business presents stable revenue with upside potential through expanded marketing, events, wholesale channels, and extended hours.
Attractive financing component: the seller has an assumable SBA loan of approximately $275,000 at 3.75%, providing a compelling low-rate financing advantage for qualified buyers.
Ideal for an owner-operator or investor seeking entry into the growing craft beverage sector, this is a turnkey opportunity with brand presence, existing inventory, and operational infrastructure in place. Inventory to be transferred separately at closing.
Strong visibility, favorable financing, established operations, and growth potential make this a compelling acquisition in the Central New York market.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
2,490 SF
Building Class
C
Year Built
1960
Price
$650,000
Price Per SF
$261.04
Cap Rate
13.59%
NOI
$88,356
Tenancy
Single
Building Height
1 Story
Slab To Slab
15’
Building FAR
0.22
Lot Size
0.26 AC
Zoning
05 - Commercial Business District
Parking
10 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
48’ on State Fair Blvd
Amenities
- Pylon Sign
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 313289-023-000-0011-002-000-0000 | Improvements Assessment | $75,300 |
| Land Assessment | $19,200 | Total Assessment | $94,500 |
Property Taxes
Parcel Number
313289-023-000-0011-002-000-0000
Land Assessment
$19,200
Improvements Assessment
$75,300
Total Assessment
$94,500
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Lakeland Winery | 877 State Fair Blvd
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