Courtesy: Empire Realty Group
585-204-2440
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.
Lima is located in New York. Lima, New York has a population of 4,130. Lima is more family-centric than the surrounding county with 32.35% of the households containing married families with children. The county average for households married with children is 23.97%.
The median household income in Lima, New York is $73,906. The median household income for the surrounding county is $64,467 compared to the national median of $69,021. The median age of people living in Lima is 39.2 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 16 degrees. The average rainfall is approximately 34.4 inches per year, with 68.1 inches of snow per year.
