7761 Route 31, Lyons, NY 14489

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Sold Price
$280,000
List Price
$299,900
Status
CLOSED
MLS#
R1616653
Closing Date
Jan 15, 2026
Year Built
1955
Stories
2
Living Area
4,528
Region
Lyons

Property Description

Turnkey Investment Opportunity by the Erie Canal! Welcome to this fully occupied 11-unit income-producing property in the heart of Lyons! This unique motel features 9 guest rooms and 2 spacious apartments, offering a diverse range of rental income streams. Located on a high-visibility primary road and backing up to the scenic Erie Canal, this property offers both charm and incredible potential. Whether you’re an investor seeking cash flow or an entrepreneur with a vision, this property is packed with possibilities. While the building could use a bit of TLC, the strong occupancy and unbeatable location make it a rare gem. With consistent tenants and proximity to town amenities, this is your chance to own a piece of the Finger Lakes corridor with room to improve and grow. Don’t miss this opportunity to revitalize a classic and capitalize on its prime location.

Additional Information

Taxes
$5,441
School District
Lyons
Water
Public
Sewer
Public Sewer
Waterfront Description
Canal Access

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Calculator source: Real Geeks

Listing courtesy of Empire Realty Group. Contact: 315-359-0850

Selling Office: Empire Realty Group.