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    OFF-MARKET
    Commercial real estate

    468 Lake Shore Dr, Dunkirk, NY 14048

    31 ac lot
    Property ID
    US63-1784027
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 31 ac (1,350,360 SF)
    UPID US63-1784027
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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