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    Washington Dr Lewiston, NY 14092

    Sponsored
    For Sale
    $1,900,000

    Prime 23.3-acre commercial lot, PUD zoning, 168-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 23.3-acre parcel in Lewiston, New York, presents a remarkable opportunity for commercial development. Currently zoned as a Planned Unit Development (PUD), this site offers the potential for a significant project. Conceptual plans envision 168 two-bedroom, two-bathroom luxury apartments, building upon the groundwork laid during the initial development phase of President's Park, which began in 1987. The property boasts convenient access to essential utilities, including sewer, storm water, water, electrical service, and natural gas, located approximately 75 feet from the site entrance at the intersection of Washington Drive and Madison Avenue. Extensive environmental review and approvals are already in place, streamlining the development process. This includes a negative wetlands declaration, supported by a completed Wetlands Delineation & Review, an approved jurisdictional determination from the Army Corps of Engineers, and a negative declaration from the Town Board Lead Agency following SEQR Lead Agency coordination. Furthermore, the project has secured approvals from the Lewiston Town Board, the Town of Lewiston Planning Board, and the Niagara County Planning Board. Located at Washington Dr, Lewiston, NY 14092 (Niagara County), this property is priced at $1,900,000 and represents a unique chance to capitalize on a fully permitted and strategically located development site.

    Property Features for 0 Washington Dr

    General Information

    Property type
    Land
    Lot Size
    1,014,948 SF

    HighLights

    • $1,900,000 asking price
    • 23.3‑acre commercial land parcel in Lewiston, NY
    • Recently rezoned for a Planned Unit Development (PUD)
    • Conceptualized for 168 luxury apartments
    • Utilities readily available at site entrance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lewiston
    County
    Niagara
    State
    New York
    Longitude
    -79.0155312
    Latitude
    43.1925882

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    FAQs

    What type of property is this?
    Land - Prime 23.3-acre commercial lot, PUD zoning, 168-unit potential.
    Where is this land located?
    The property is located at Washington Dr Lewiston, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price; 23.3-acre commercial land parcel in Lewiston, NY; Recently rezoned for a Planned Unit Development (PUD)
    (716) 854-5943
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    Washington Dr Lewiston, NY 14092
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    Lewiston, NY 14092
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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
    Washington Dr Lewiston, NY 14092
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