Property summary
This exceptional 1.2-acre commercial land parcel presents a remarkable development opportunity on Chautauqua Lake's north basin in Mayville, New York. Priced at $995,000, this property boasts a prime waterfront location with Lakeside Business Zoning and Overlay District designations. Its strategic position offers easy access to major transportation arteries, including Interstates 90 and 86 (approximately 8 miles away) and is conveniently located just 11 miles from Bemus Point. The site's proximity to the renowned Chautauqua Institution, a nationally recognized educational center and resort spanning over 2,000 acres, adds significant value and potential for synergy. The property's versatility allows for a range of development options, including commercial ventures, multi-family residential housing, mixed-use buildings, or a waterfront restaurant and/or hotel. Further enhancing its appeal, there's a possibility of acquiring additional adjacent land in the future. This presents a unique chance to capitalize on the area's thriving tourism and recreational activities, while benefiting from its central location between Buffalo, Cleveland, and Pittsburgh. The property's address is 74 Water Street, Mayville, NY 14757. This is a truly exceptional opportunity for investors and developers seeking a high-potential waterfront investment in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel Resort
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Mayville, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Mayville, NY.
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