26 Acre Multi-Family Development Site Lewiston, NY 14092
- Land
- 1 SF
- 26.40 lot acres
Current Use by Public Records
- Land
Property Details for 26 Acre Multi-Family Development Site
- Lot size
- 26.40 lot acres
- Property size
- 1 SF
- Property type
- Land
- Property subtype
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lewiston
- County
- Niagara
- State
- New York
- Longitude
- -78.9854
- Latitude
- 43.1728
