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    363 Lake Shore Dr Dunkirk, NY 14048

    Sponsored
    For Sale
    $399,900

    Dunkirk Motel - 16 Room Potential

    Property size:
    4,618 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional investment opportunity presents a partially renovated motel at 363 Lake Shore Drive West in Dunkirk, New York. Boasting 4,618 square feet on a 1.8-acre lot, this property offers significant upside potential. The existing structure has undergone substantial renovations, including a new roof, siding, windows, doors, electrical panel and service, plumbing, and PTAC heating and air conditioning units. Four rooms are fully renovated and ready for immediate rental income generation. The property's layout allows for expansion to a total of sixteen rentable rooms, significantly increasing revenue potential. Its prime location near Point Gratiot Beach, Dunkirk Pier, and SUNY Fredonia ensures high occupancy rates and strong demand. The property is being offered at $399,900. The seller is open to a package deal including the adjacent property at 365 Lake Shore Drive West, presenting an even more compelling investment opportunity for a buyer seeking to acquire a larger portfolio. This is a rare chance to acquire a well-located motel with significant renovation already completed, poised for immediate income generation and future expansion. The property's strong location and potential for growth make it an attractive investment for both seasoned investors and new business owners seeking to enter the hospitality industry. This is a turnkey opportunity to establish a thriving lodging business in a desirable location.

    Property Features for 363 Lake Shore Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,618 SF
    Lot Size
    78,408 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunkirk
    County
    Chautauqua
    State
    New York
    Longitude
    -79.35516
    Latitude
    42.48146

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    FAQs

    What type of property is this?
    Commercial real estate - Dunkirk Motel - 16 Room Potential
    Where is this commercial real estate located?
    The property is located at 363 Lake Shore Dr Dunkirk, NY.
    What is the asking price?
    The asking price for this property is $399,900.
    (716) 673-1800
    Request Owner's contact information
    363 Lake Shore Dr 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
    363 Lake Shore Dr Dunkirk, NY 14048
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