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    OFF-MARKET
    Land

    0 Washington Dr, Lewiston, NY 14092

    23.3 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 23.3-acre parcel in Lewiston, New York, presents a remarkable opportunity for commercial development. Currently zoned as a Planned Unit Development (PUD), this site offers the potential for a significant project. Conceptual plans envision 168 two-bedroom, two-bathroom luxury apartments, building upon the groundwork laid during the initial development phase of President's Park, which began in 1987. The property boasts convenient access to essential utilities, including sewer, storm water, water, electrical service, and natural gas, located approximately 75 feet from the site entrance at the intersection of Washington Drive and Madison Avenue. Extensive environmental review and approvals are already in place, streamlining the development process. This includes a negative wetlands declaration, supported by a completed Wetlands Delineation & Review, an approved jurisdictional determination from the Army Corps of Engineers, and a negative declaration from the Town Board Lead Agency following SEQR Lead Agency coordination. Furthermore, the project has secured approvals from the Lewiston Town Board, the Town of Lewiston Planning Board, and the Niagara County Planning Board. Located at Washington Dr, Lewiston, NY 14092 (Niagara County), this property is priced at $1,900,000 and represents a unique chance to capitalize on a fully permitted and strategically located development site.

    Property profile
    Verified
    Property type Land
    Lot 23.3 ac (1,014,948 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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