1. New York
  2. Lima
  3. 7304 East Main Street
$399,900

7304 East Main Street, Lima, NY 14485

  • 13,032 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1840
  • Property Lot Size Icon10,197sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $31/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

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.

Listing Status:
Active
Date Added:
August 22, 2025 at 05:00AM
Listing Office:
Empire Realty Group : 585-204-2440
Listing Agent:
Matthew Sharman : 585-727-0980
MLS ID:
R1623101
  • Basement: Full
  • Flooring: CarpetHardwoodLinoleumVariesVinyl
  • Heating: GasHot Water
  • Fireplace: Fireplaces: 0

This listing courtesy of Matthew Sharman, Empire Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lima Elementary School

7342 College St, Lima, NY, 14485

Grades KG-1

0.28 miles away

H

Honeoye Falls-Lima Middle School

619 Quaker Mtnghse Rd, Honeoye Falls, NY, 14472

Grades 6-8

3.61 miles away

H

Honeoye Falls-Lima Senior High School

83 East St, Honeoye Falls, NY, 14472

Grades 9-12

3.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.