The Glass Magnolia
Interlaken, NY
Offered for sale at $489,000
Turn-key owner-occupied and hosted B&B in the heart of the Finger Lakes! This is the Glass Magnolia, a vintage Greek Revival run in the traditional B&B style. The business enjoys a loyal following, offering a relaxed stay about 1 mile from Cayuga Lake. Guests are treated to a royal breakfast of home-made muffins, egg dishes and Wally's renowned chocolate chip French Toast! TripAdvisor Certificate of Excellence for several years running. Most weekends are fully occupied from April-October. Great income with upside potential. Most all furnishings, inventory and equipment will convey with sale. Designated residential with Commercial use, and with the bonus of municipal water/sewer, and a great walking neighborhood, this is a wonderful destination and opportunity for the next owner! Business has increased steadily for each year they have owned the property. Shown by appointment only, no walkups please!
Property Details- 11 Guest Rooms
- 13 Guest Room Baths
- Has Owner's Quarters
- Built in 1900
- Last Renovated in 2021
- Opened in 2013
- Building is 6,400 SQFT
- Lot is 0.1 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $489,000
- Average Daily Rate: 150
- Annual revenue is $110,000
- Terms: Cash, Conventional Business Loan
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