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    OFF-MARKET
    Land

    197 Lake Rd, Mayville, NY 14757

    1.5 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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