A resort area cottage community.
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A highly-desirable 29-unit land development designed as a manufactured home cottage community in the literal heart of New York State’s Finger Lakes region and its burgeoning wine producing area, with about 150’ of lake frontage, multiple water slips and other amenities. There are six existing homes, four of which are sold. All homes are intended to be on long-term ground leases. Asking $2.4 MM (excluding two homes owned by developer).
About the Business
- Years in Operation
- 4
- Employees
- 4 (2 Part-time, 2 Contractors)
Two part-time are for occasional systems' maintenance; contractors are for lands - Facilities & Assets
- A highly-desirable 29-unit land development designed as a manufactured home cottage community in the literal heart of New York State’s Finger Lakes region and its burgeoning wine producing area, with about 150’ of lake frontage, multiple water slips and other amenities. There are six existing homes, four of which are sold. All homes are intended to be on long-term ground leases. Asking $2.4 MM (excluding two homes owned by developer).
- Website
- https://thecottagesatplumpointflx.com
- Market Outlook / Competition
- A prime and highly desirable location for a ground-leased second home (HOA governed) in an increasingly recognized wine producing area. As the area's wine production becomes better known (the region was picked as Wine Enthusiast's U.S. 2025 wine region of the year), as well as other area attractions being supplemented and up-scaled, all real estate values continue to increase. The development's form ground lease provides for ground rent escalations of 10% every five years.
- Opportunities for Growth
- Two available cottage homes are currently owned by the developer, four homed have been sold, with the owners paying ground rent, and 23 additional building lots remain for the installation of a new manufactured home. All development building lots enjoy community lakefront access and other amenities.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- Owners are retiring.
- Transition Support
- Advice and help in transitioning the property and business.
Listing Info
- ID
- 2533876
- Listing Views
Listing ID: 2533876 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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