5040 Lake Rd Dunkirk, NY 14048
Property Lookup
Property profile & analytics
5040 Lake Rd Dunkirk, NY 14048
- Motels
- 5,603 SF
- 5.80 lot acres
Property ID
US63-4121512
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- South Shore Motor Lodge / Hotel & Motel / Resort
Property Details for 5040 Lake Rd
- Year built
- 1970
- Lot size
- 5.80 lot acres
- Property size
- 5,603 SF
- Zone code
- RT
- Property type
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $765,000
- ML approach
- $775,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $520,000
- 6.5%
- $480,000
- 7%
- $445,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $630,000
- RESTAURANT
- $570,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Dunkirk
- County
- Chautauqua
- State
- New York
- Longitude
- -79.389
- Latitude
- 42.4626
- CBSA code
- 27460
- CBSA name
- JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$3,195
$200,000
$105,000
$305,000
-
$392,157
$205,882
$598,039
