468 Lake Shore Dr, Dunkirk, NY 14048
This exceptional 31-acre property in Dunkirk, NY, presents a unique development opportunity. Located at 468 Lake Shore Dr E, this land boasts 700 feet of stunning Lake Erie lakefront, offering spectacular views. The property is zoned for Agriculture and Residential use, and has already undergone engineering, surveying, and approval for the development of up to 96 residential units – making it truly "shovel ready." Its convenient location across the street from a new manufacturing plant and near a city park with readily available services adds significant value. The land is currently offered as a whole for $700,000, but can be subdivided into two parcels, one priced at $400,000 and the other at $450,000. This prime location, combined with its pre-approved development plans, makes this an unparalleled investment opportunity for residential home and multifamily development. The property's proximity to amenities and its impressive lakefront views make it an ideal location for a high-demand residential project. Situated in Chautauqua County, NY, with a zip code of 14048, this property offers unparalleled potential for significant return. Don't miss this chance to acquire a truly exceptional piece of lakefront land.
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
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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.