5040 Lake RdDunkirk, NY 14048

Property Details for 5040 Lake Rd

Year built

1970

Lot size

5.80 AC

Property size (Sq ft)

5,603 SF

Zone code

RT

Property type

Hospitality properties

Property subtype

Motels

APN

063400 95.13-2-13

APU

634009513213

Description

This exceptional 10,509 square foot property presents a remarkable investment opportunity on 6.43 acres of land boasting 260 feet of stunning Lake Erie frontage. Ideally situated between Shorewood Country Club and Lakewood Drive in Dunkirk, NY, this unique offering currently comprises a motel with five studio/efficiency units and seven one-bedroom apartments. Adding to its potential, ten cottages are also located on the property, four of which are currently occupied. The existing structures provide immediate income potential, while the expansive acreage and prime lakefront location offer a multitude of development possibilities. Imagine the possibilities for expansion, renovation, or the creation of a completely new venture. This property's versatility makes it suitable for a wide range of commercial uses, from a thriving hospitality business to a unique residential development. The substantial lake frontage provides unparalleled access to recreational activities and breathtaking views. This is a rare chance to acquire a significant piece of Lake Erie waterfront property with proven income streams and immense future potential. Don't miss this chance to bring your vision to life in a highly desirable location. The property is priced at $850,000.

Location Insight

City

Dunkirk

County

Chautauqua

State

New York

Latitude

42.4626

Longitude

-79.389

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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