1115 Lochland Rd, Geneva, NY 14456-3219
- Commercial land
- 21,991 SF
- 5.00 lot acres
Current Use by Public Records
- Lake's Edge Seneca / Condominium Complex
Property Details for 1115 Lochland Rd
- Year built
- 1900
- Lot size
- 5.00 lot acres
- Zone code
- AR
- Property type
- Commercial land
- APN
- 320500 119.16-1-11.1
- APU
- 320500119161111
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 5, 2023 | — | Lakes Edge Investor LLC | — | Deed · related | $1.4M · Patrick F Marty |
| May 5, 2022 | — | Lakes Edge Development | — | Deed · related | $1.2M · Citizens & Northern Bank |
| Dec 30, 2021 | $1,700,000 | Lakes Edge Dev Group | American Legion Winnek | Warranty Deed | $1.2M · Citizens & Northern Bank |
Description
Exceptional investment opportunity: 12.965 acres of prime lakefront land in Geneva, NY (APN: 119.16-1-11.1 & 11-.16-1-11.2), zoned Lakefront PUD. This stunning property boasts approved plans for a vibrant mixed-use development, including 51 luxury townhome-style condos with a pool. A 120-room hotel is ready to commence construction, possessing a fully issued building permit. Further plans encompass a 10,000 square foot freestanding restaurant and a boat house complete with 38 boat slips and jet ski docks directly on Seneca Lake. Situated in the heart of the Finger Lakes wine region, this location offers unparalleled access to the Seneca Lake Wine Trail, other Finger Lakes attractions, and is equidistant to Rochester and Syracuse. This development presents a unique opportunity to capitalize on the thriving tourism and hospitality sectors in this desirable area. The property's address is 1115 Lochland Rd, Geneva, NY 14456. A virtual data room is available for detailed information. Asking price: $13,800,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,355,000
- ML approach
- $1,380,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $843,000
- AI Estimate
- $1,094,000
Market price range: $619k - $1.58MMarket price range: $705k - $2.23M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,170,000 Current use
- RESTAURANT
- $2,120,000 Change: +81% Conversion: Difficult
- OFFICE BUILDING
- $2,080,000 Change: +78% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,015,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Geneva
- County
- Ontario
- State
- New York
- Longitude
- -76.977
- Latitude
- 42.8407
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
