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0 Washington Dr Lewiston, NY 14092

OFF-MARKET Land Google Maps
23.3 ac lot
Estimated value
No estimation on file for this property yet.
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

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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