7304 E Main Street Lima, NY $ 349,000
7304 E Main Street
$ 349,000
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7304 E Main Street

Lima, NY, 14485
$ 349,000
Bedrooms-- Baths-- Sq 13,032

Monthly Estimate*

$ 2,177

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Commercial Property for sale in Lima, NY

for $349,000. This 13,032 square foot building was built in 1840 on a lot size of 0.2341.

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.

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Commercial Active

Price

$ 349,000

Property Type

Commercial

Taxes

$ 5,770

Style

Business

Lot Size

0.2341

Year Built

1840

Town/City

Lima

County/Region

Livingston

MLS | Web ID

R1623101

Features
General
Sewer PublicSewer
Heating Gas HotWater
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Flat
Zoning 05
Construction Materials Block
School District Honeoye Falls-Lima
Year Built 1840
Electric Phases3
Stories Count 3
Township Lima-Village
Property Subtype Business
Business Type BarTavernLounge
County Livingston
Property Type CommercialSale
Possible Use HotelMotel Office Residential Retail ServiceBusiness Service
Garage Y/N Yes
Building Features JanitorialService Office PublicRestrooms
Status Active
Directions Use any lane to take the ramp onto I-490 E Take I-590 S and I-390 S to your destination in Avon. Take exit 10 from I-390 S Use the left 2 lanes to turn left onto NY-5 E/US-20 E/E Avon Lima Rd
City Lima
High School District Honeoye Falls-Lima
Zoning Description Commercial
Number Of Units Total 0
MLS Area Lima-Village-243201
Lot Size Units Acres
Lot Size Square Feet 10199.0
Year Built Details Existing
Tax Annual Amount 5770.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Honeoye Falls-Lima
Elementary School District Honeoye Falls-Lima
Tax Assessed Value 168500
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 77
Property Sub Type Additional Business Office Retail Apartment MixedUse Commercial
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Interior
Basement Full
Flooring Carpet Hardwood Linoleum Varies Vinyl
Total Fireplaces 0
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features OnSite Surfaced
Lot Features IrregularLot
Water Source Public
Total Parking 15.0
Inclusions Equipment Inventory Land and Building Land Building and Business
Lot Size Area 0.2341
Number of Buildings 1
Building Area Total 13032.0
Lot Dimensions 41X244
Lot Size Acres 0.2341
Waterfront Y/N No
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Internal Only
Street Number 1 7304
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* Excluded Features
List By
Empire Realty Group

Broker

(585) 727-0980

Phone

Affordability Calculator

$2,658
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,177
Monthly Property Taxes
$481
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3324018 Elementary School
3323536 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/6/2025$349,000 -12.53% Price Down
9/26/2025$399,000 -0.23% Price Down
8/22/2025$399,900 Listed Price

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7304 E Main Street, Lima, NY, 14485 is a Commercial Property for sale at $349,000 with 13,032 sqft and a lot size of 0.2341. 7304 E Main Street was built in 1840. The property's zip code is 14485 which is in Lima, NY