197 Lake Rd, Mayville, NY 14757
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.