UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $173
MLS Listing ID R1657892
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $14,533
Lot Dimensions 22X60
Property Description
Exceptional investment opportunity in the heart of Canandaigua's Central Business District. This fully renovated three-story building features a well-established, high-end restaurant occupying the main floor, with luxury apartments on the second and third floors.
The upper floors were completely renovated in 2018, taken down to the brick and rebuilt with all-new electrical, plumbing, HVAC, granite countertops, and hardwood floors. The building exterior was refaced in 2020.
Current Rents:
First Floor (Restaurant): $2,100/month
Second Floor Apartment: $1,800/month
Third Floor Apartment: $1,500/month (below market; market rent approx. $1,800)
Apartments have previously operated as AirBnB units, generating up to $300/night, offering strong short-term rental potential. Long-term apartment rents could reach $2,000/month per unit, in addition to restaurant income.
Prime location in a thriving downtown area near the Finger Lakes—ideal for investors seeking stable income with upside potential.
Location
State NY
County Ontario
Area Canandaigua-City-320200
Zoning COM
Direction Central Business District in the City of Canandaigua. South Main Street, near Phoenix Street.
Rooms
Basement Full
Interior
Heating Electric, Gas, Separate Meters, Forced Air
Cooling Separate Meters, Central Air
Flooring Hardwood, Varies
Inclusions Building Only
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Flat,Membrane,Rubber
Building
Lot Description Rectangular, Rectangular Lot
Story 3
Sewer Public Sewer
Water Public
Construction Status Existing
Schools
School District Canandaigua
Others
Tax ID 320200-084-045-0001-065-002
Special Listing Condition Standard
Nearby School & Business
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Jacqueline Davis
Licensed Real Estate Salesperson | License ID: 10401329623
Licensed Real Estate Salesperson License ID: 10401329623