Property profile

197 Lake Rd Mayville, NY 14757

OFF-MARKET
Land
1.5 ac lot
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Property summary

AI-generated overview

This exceptional 1.5-acre commercial land parcel presents a rare development opportunity in Mayville, New York. Situated in a thriving commercial district, this is the last significant developable land area available in the immediate vicinity. The property enjoys a highly desirable location adjacent to a Dollar General store, ensuring excellent visibility and convenient access for potential businesses. All municipal utilities are readily available, including cost-effective electric power, simplifying development plans. Its strategic position offers significant advantages, with proximity to key amenities and attractions. The Chautauqua Conference Hotel/Resort is located directly next door, providing a synergistic environment. Furthermore, the property is conveniently situated just two miles from county offices, the sheriff's office, and the courts, and only three miles from the renowned Chautauqua Institution. Easy access to Interstate 86 (within eight miles) provides excellent regional connectivity. This prime location and the availability of all utilities make this a truly exceptional investment opportunity for developers seeking a high-impact commercial project in a vibrant and growing community. The 1.5-acre size allows for substantial development potential, catering to a wide range of commercial ventures. Don't miss this chance to acquire a piece of Mayville's commercial future. The address is 197 West Lake Road, Mayville, NY 14757.

Property profile

Verified
Property type Land
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

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

Location

197 Lake Rd Mayville, NY 14757
Mayville metro
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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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