Active
7304 East Main Street, Lima NY 14485
MLS# R1623101
$399,900
Price
-
Beds
-
Baths
13,032
Living Area (Sq.Ft.)
0.234
Lot Area (Acres)
$399,900
Price
-
Beds
-
Baths
13,032
Living Area (Sq.Ft.)
0.234
Lot Area (Acres)
Looking for cash flow, tax advantages, and serious upside? <br> <br>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. <br> <br>But It can be just about anything you can dream up. <br> <br>Here’s why this is too good to pass up: <br> <br>Historic Tax Credits up to 40% (federal + NYS) = massive ROI leverage for renovations. <br> <br>Multiple income streams in place, with expansion potential into a boutique hotel, chef-driven restaurant, wedding venue, tasting room, or more. <br> <br>Eligible for grant funding, adding even more financial horsepower. <br> <br>Original architectural features (tin ceilings, iron columns, balconies, arched windows) preserve historic charm while boosting long-term value. <br> <br>Prime location at Routes 20 & 15A, putting you in front of thousands of cars daily plus Finger Lakes tourism traffic. <br> <br>Be the investor who writes the next chapter.
Status
Active
Property Type
CommercialSale
Property Sub Type
Business
Year Built
1840
Parcel Number
243201-037-014-0001-077-000-0000
Unit Number
--
Lot Features
Irregular Lot
Lot Size Dimensions
41X244
Stories
3
Property Condition
Resale
Elementary School District
Honeoye Falls-Lima
Middle Or Junior School District
Honeoye Falls-Lima
High School District
Honeoye Falls-Lima
Location
Listing Agent
Matthew Sharman
Listing Office
Empire Realty Group
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional, Private Financing Available, Rehab Financing, Va Loan
Documents Available
Aerial
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2025-08-22
Fire Places Total
0
Flooring
Carpet, Hardwood, Linoleum, Varies, Vinyl
Heating
true
Heating Features
Gas, Hot Water
Electric
Phases3
Garage
true
Garage Spaces
--
Water Source
Public
Sewer
PublicSewer
Roof
Flat
Utilities
Sewer Connected, Water Connected
Parking Total
15
Parking Features
On Site, Surfaced
Basement
Full
Construction Materials
Block
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated 06/27/2025.
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated 06/27/2025.
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.