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Property profile & analytics
OFF-MARKET
Land

8250 Lapp Rd East Amherst, NY 14051

18.7 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 18.7 ac (814,572 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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