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    8250 Lapp Rd East Amherst, NY 14051

    Sponsored
    For Sale
    Contact for pricing

    18.7 Acres, Residential Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18.7-acre property in East Amherst, NY (zip code 14051), presents a unique investment opportunity. Currently zoned as agricultural land, it offers significant potential for rezoning for residential or multi-family development. The property is conveniently located within a two-mile radius of numerous restaurants and shopping amenities, ensuring easy access to daily conveniences. Utilities including water, gas, phone, and cable are readily available. An existing easement provides access for a gas line at the rear of the property. This parcel is situated adjacent to a similarly sized (19-acre) neighboring lot, also available for purchase at the same price. A combined purchase of both parcels is possible, totaling 37.73 acres, for a combined asking price of $500,000. The property's location in a dense residential area further enhances its development potential. All reasonable offers will be considered. This is an ideal opportunity for developers seeking a prime location with excellent infrastructure and high demand. The property's address is 8250 Lapp Rd, Erie County, New York.

    Property Features for 8250 Lapp Rd

    General Information

    Property type
    Farms
    Lot Size
    814,572 SF

    HighLights

    • High‑density residential neighborhood.
    • Excellent location.
    • Offers reviewed.
    • Residential lot or potential multifamily development site.
    • Abundant restaurants and shopping within two miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    East Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.6875142
    Latitude
    43.0437415

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    FAQs

    What type of property is this?
    Farm - 18.7 Acres, Residential Potential
    Where is this farm located?
    The property is located at 8250 Lapp Rd East Amherst, NY.
    What are key features of this property?
    This property features: High-density residential neighborhood.; Excellent location.; Offers reviewed.
    Request Owner's contact information
    8250 Lapp Rd East Amherst, NY 14051
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    East Amherst, NY 14051
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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
    8250 Lapp Rd East Amherst, NY 14051
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