Incredible Investment Opportunity!
Unlock the potential of this unique, income-producing property located on high-visibility Hwy 5 & 20. Anchored by a 2,400 sq/ft shell retail building—currently leased for $1,500/month—this 1.54-acre site offers both immediate income and exceptional future upside.
The property also includes five charming 12’ x 20’ log cabins (tiny homes) nestled in a peaceful campground setting, each undergoing full interior renovation—Cabin 4 is already complete. Customize the remaining cabins to your preference or let the seller finish them for you.
Enjoy 133 feet of direct water frontage on the serene Cayuga-Seneca Canal with a private dock that accommodates multiple boats—perfect for lake lovers and vacationers. Utilities are in place, including sewer, water, electric, and high-speed internet, making this a low-maintenance, year-round opportunity—not just seasonal!
Whether you're seeking a seasonal vacation rental compound, Airbnb/Vacasa investment, or a family retreat, this property is ready to perform. Plus, there are 6 additional sites available for more tiny homes or RV rentals to further increase revenue.
Bonus investor perks: Seller guarantees a 10% capitalization rate for the first year and offers owner financing to qualified buyers.
Don’t miss this rare chance to own a versatile, multi-use property in a growing lakeside destination!
DAYS ON MARKET
|
1
|
LAST UPDATED
|
7/8/2025
|
YEAR BUILT
|
1968
|
COMMUNITY
|
Waterloo-453889
|
COUNTY
|
Seneca
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
|
|
AIR CONDITIONING |
Yes |
AREA |
Waterloo-453889 |
HEAT |
Baseboard, Electric |
LOT |
1.54 acre(s) |
LOT DESCRIPTION |
Rectangular, Rectangular Lot |
LOT DIMENSIONS |
79x789 |
SEWER |
Public Sewer |
STORIES |
1 |
TAXES |
8643 |
UTILITIES |
Sewer Connected,Water Connected, |
VIEW |
Yes |
VIEW DESCRIPTION |
Water |
WATER |
Public |
WATERFRONT |
Yes |
WATERFRONT DESCRIPTION |
Canal Access,Other,See Remarks |
ZONING |
Commercial |
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Listing provided by: James Gamble, Coldwell Banker Prime Prop,Inc
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