114-116 Main Street, Milo

Description

A fully renovated luxury mixed-use building combining historic character with modern high-end finishes. Built in the early 1900s, it is located in the heart of downtown Penn Yan, minutes from Keuka Lake and surrounded by the Finger Lakes region’s wineries, restaurants, and boutique shops. Offering approximately 7,240 square feet across three floors, this property presents a rare opportunity to combine commercial and residential living. The first floor is a polished commercial space currently used as an office, featuring high ceilings, large display windows, and excellent Main Street visibility, ideal for professional services or boutique retail. The space includes custom-built wooden furniture crafted by Mennonite artisans, three bathrooms, two private offices, and a large open workspace with built-in desks and reception. The layout allows flexibility for different uses or potential division into multiple suites. The second and third floors form a luxury residential apartment with a private, retreat-like atmosphere. The second floor features hardwood floors, large windows, and preserved architectural details with modern upgrades. The open-concept kitchen includes Bosch appliances, custom cabinetry, granite countertops, pantry, and spacious dining area. This level also includes a private office with half bath, one bedroom, full bathroom, large living room, and laundry room. The third floor is a wellness-focused primary suite with a large bedroom, walk-in closet, and spa-style bathroom with a walk-in shower, multi-function showerheads, and massage tub. An additional room, currently used as a gym, can serve as a third/fourth bedroom or flexible space and includes a private sauna. Additional features include basement storage, recently renovated roof, new wooden shutters, central air, and gas forced-air heat. This is not a conventional income-producing rental property; it is a high-end residence combining luxury with a refined, integrated workspace. Standard rent roll metrics are not a meaningful basis for evaluating the property.