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26 Acre Multi-Family Development Site Lewiston, NY 14092

OFF-MARKET Land Google Maps
1 SF 26.4 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 26.4-acre development site in Lewiston, New York, presents a unique opportunity for multifamily construction. Currently zoned Rural Residential (RR), the property is poised for re-classification as a Planned Unit Development (PUD) upon site plan approval. The site boasts a desirable location with two ingress/egress driveways conveniently situated on Creek Road (NYS Route 18), offering excellent accessibility. The land itself is high and dry, gently sloping, and partially wooded. Utilities are readily available at the driveway entrances on Creek Road, including county sewer and water, National Grid electric, and National Fuel gas. Storm drainage is also handled by the county. The property's estimated 2023 real estate taxes total $1,968 ($859 city/town, $1,109 school). The asking price is $950,000, representing a price per unit of $5,655. The seller offers flexible financing options, including the possibility of holding a mortgage to assist with the entitlement process. This is an ideal opportunity for developers seeking a substantial multifamily project in a prime location. The parcel's SBL is 88.00-1-47.2.

Property profile

Verified
Property type Land
Total area 1 SF
Lot 26.4 ac (1,149,984 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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