Palm Gardens Motel

212 Buffalo Street, Gowanda, NY 14070

Property Information

  • For Sale $849,000
  • Property Type Special
  • Property Size 8,160 SF
  • Lot Size 0.88 Acre
  • Cap Rate % 10
  • Date Updated Jun 26, 2026

Description

Well established and maintained 16-room motel, with bar and separate residence • Turnkey operation • 175 feet of frontage on Buffalo Street (Route 438) • Located in the charming Gowanda Village Historic District with popular cultural events, festivals and entertainment • On snowmobile trail, and close to hunting, Zoar Valley hiking trails and waterfalls • Two minutes to Seneca Nation Cattaraugus Territory • Proximate to Holiday Valley & Kissing Bridge ski resorts and Highmark Stadium, home of the Buffalo Bills • The nearest lodging option within 17 miles • Full, dry basement with voluminous storage capacity • Walk-in cooler, freezer and commercial laundry • Seller may hold mortgage for a qualified buyer • Excellent opportunity for growth • 10% cap rate • Average daily traffic count: 9,942 vehicles. 

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