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    5040 Lake Rd Dunkirk, NY 14048

    For Sale
    $850,000

    Six acres, 17 units, Lake Erie views.

    Property size:
    10,509 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 10,509 square foot property presents a remarkable investment opportunity on 6.43 acres of land boasting 260 feet of stunning Lake Erie frontage. Ideally situated between Shorewood Country Club and Lakewood Drive in Dunkirk, NY, this unique offering currently comprises a motel with five studio/efficiency units and seven one-bedroom apartments. Adding to its potential, ten cottages are also located on the property, four of which are currently occupied. The existing structures provide immediate income potential, while the expansive acreage and prime lakefront location offer a multitude of development possibilities. Imagine the possibilities for expansion, renovation, or the creation of a completely new venture. This property's versatility makes it suitable for a wide range of commercial uses, from a thriving hospitality business to a unique residential development. The substantial lake frontage provides unparalleled access to recreational activities and breathtaking views. This is a rare chance to acquire a significant piece of Lake Erie waterfront property with proven income streams and immense future potential. Don't miss this chance to bring your vision to life in a highly desirable location. The property is priced at $850,000.

    Property Features for 5040 Lake Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,509 SF
    Lot Size
    280,091 SF

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    South Shore Motor ... Indoor Lodging

    Suggested Use

    Auto Repair Shop Hotel & Motel Accounting Firm Bar & Pub Tattoo & Piercing Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dunkirk
    County
    Chautauqua
    State
    New York
    Longitude
    -79.38927
    Latitude
    42.46196

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    FAQs

    What type of property is this?
    Commercial real estate - Six acres, 17 units, Lake Erie views.
    Where is this commercial real estate located?
    The property is located at 5040 Lake Rd Dunkirk, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    (716) 679-7653
    Request Owner's contact information
    5040 Lake Rd Dunkirk, NY 14048
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    Dunkirk, NY 14048
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5040 Lake Rd Dunkirk, NY 14048
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