Renovated Three-Story Mixed-Use Building in Downtown Canandaigua
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.
