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Property profile & analytics
OFF-MARKET
Commercial real estate

7200 Lake Shore Rd Derby, NY 14047

660 SF 25 ac lot Built 1926
Property ID
US63-3615061
Property summary
AI-generated overview

This exceptional 25-30 acre property in Derby, NY, presents a unique redevelopment opportunity. Located at 7200 Lake Shore Rd, this mixed-use estate boasts approximately 560 feet of pristine Lake Erie waterfront with sandy beach access. The property includes four buildings totaling approximately 16,400 square feet, encompassing a main estate house (16,400 sq ft), a hospitality space (2,000 sq ft), a gatehouse (3,100 sq ft), and a smaller single-family residence (660 sq ft). Built in 1926, the property features two historically significant buildings, including a gatehouse with a crenelated tower, reflecting its rich past as the home of Spencer Kellogg. Currently zoned PF, the property offers significant potential for various uses. With 20 bedrooms across the buildings and four units, the property has served as a group living home. The asking price is $2,725,000. The property is available for occupancy on October 1, 2023. This remarkable estate offers a blend of history, natural beauty, and redevelopment potential, making it an unparalleled investment opportunity on the shores of Lake Erie. The property is owned by a non-profit organization. The expansive grounds provide abundant wildlife viewing opportunities and are situated near other grand residences and recreational areas. This is a chance to acquire a piece of history and create a new legacy on the shores of Lake Erie.

Property profile
Verified
Property type Commercial real estate
Year built 1926
Total area 660 SF
Lot 25 ac (1,089,000 SF)
UPID US63-3615061
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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