CCertihomes
7761 Route 31, Lyons, NY 14489

$499,900

0 beds 0 baths 4,528 sqft Built 19554 days on marketActive

About this home

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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$5,564/mo

Real estate (PITI + HOA + PMI)
$4,484
Principal + interest$3,208
Property tax + insurance$1,089
PMI / 2nd mortgage$187
Utilities
$2,401
Heating + cooling$1,076
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$5,564/mo TLC
Budget$6,064/mo
Remaining after TLC$500/mo
Purchase price
$499,900
Down payment
$24,995 (5%)
Loan amount
$474,905
APR
7.15%

Quick facts

Type
Commercial
Style
Year built
1955
Lot size
Stories
2
Heating
Electric, Baseboard
Cooling
Water
Public
HOA
Annual tax
$5,441
MLS #
R1616653
County
Wayne

Home features

Roof
Metal
Sewer
PublicSewer

Lot features

IrregularLot

Neighborhood — 14489

MetricThis ZIPCountyUSA
Population11,86919,351,094299,088,112
Population Change Since1990-6.00%8.00%20.00%
Population Density176395
Male5,7899,381,926147,432,321
Female6,0819,969,168151,655,844
Never Married2,4364,946,39163,775,926
Married4,8087,166,701123,120,365
Separated6701,159,67312,639,686
Widowed6821,110,24515,467,586
Divorced1,0751,210,44823,075,029
Number Of House Hold4,2567,102,016111,826,380
Average House Hold Size2.722.642.60
Medial Age39.1836.5335.46
Median House Hold Income$44,144$49,847$48,276
Average House Hold Income$52,759$70,032$63,629
P C I$19,743$26,569$24,529
M D I$38,180$42,210$41,133
A T H E$45,187$54,185$50,898
S T R8.00%4.00%
W C J76.43%81.55%77.74%
(Zip) Code
14489

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 6/20/2025. Provided courtesy of Empire Realty Group via Buffalo MLS. Information deemed reliable but not guaranteed.

7761 Route 31 · Lyons — $499,900 · Certihomes