Property profile

74 Water St Mayville, NY 14757

OFF-MARKET
Commercial land
Property ID
US63-2748868
2,688 SF 1.2 ac lot Built 1960
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1960
Total area 2,688 SF
Lot 1.2 ac (52,272 SF)
Zoning code 05 - COMMERCIAL
APN 062801 262.16-2-7
UPID US63-2748868

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

74 Water St Mayville, NY 14757-1323
Mayville metro Census 36401 JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2023
2 recorded transactions
2023
$581,715
2021
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Mayville, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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