7200 Lake Shore Rd Derby, NY 14047
- Commercial real estate
- 660 SF
- 25.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7200 Lake Shore Rd
- Year built
- 1926
- Lot size
- 25.00 lot acres
- Property size
- 660 SF
- Property type
- Commercial real estate
Description
This exceptional 25-30 acre property in Derby, NY, presents a unique redevelopment opportunity. Located at 7200 Lake Shore Rd, this mixed-use estate boasts approximately 560 feet of pristine Lake Erie waterfront with sandy beach access. The property includes four buildings totaling approximately 16,400 square feet, encompassing a main estate house (16,400 sq ft), a hospitality space (2,000 sq ft), a gatehouse (3,100 sq ft), and a smaller single-family residence (660 sq ft). Built in 1926, the property features two historically significant buildings, including a gatehouse with a crenelated tower, reflecting its rich past as the home of Spencer Kellogg. Currently zoned PF, the property offers significant potential for various uses. With 20 bedrooms across the buildings and four units, the property has served as a group living home. The asking price is $2,725,000. The property is available for occupancy on October 1, 2023. This remarkable estate offers a blend of history, natural beauty, and redevelopment potential, making it an unparalleled investment opportunity on the shores of Lake Erie. The property is owned by a non-profit organization. The expansive grounds provide abundant wildlife viewing opportunities and are situated near other grand residences and recreational areas. This is a chance to acquire a piece of history and create a new legacy on the shores of Lake Erie.
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
- Derby
- County
- Erie
- State
- New York
- Longitude
- -79.0292116
- Latitude
- 42.6952268
