8462 Lk Shr Rd Angola, NY 14006-9775
This exceptional 641,591 square foot property in Angola, NY (Erie County, zip code 14006, located at 8462 Lake Shore Rd) presents a unique investment opportunity. Situated on one of Western New York's most stunning beaches, this land is fully approved for a 22-lot residential subdivision, including 11 waterfront lots with direct beach access and 11 additional lots. All necessary permits and approvals are in place from the Town of Evans, Erie County, and the New York State Department of Environmental Conservation (DEC). Comprehensive subdivision plans, road infrastructure designs, and development agreements are complete, enabling immediate development. The property offers unparalleled flexibility; it can be developed into a high-end residential community or transformed into a sprawling private family compound with ample space for multiple homes and recreational amenities. This pristine beachfront parcel provides unmatched waterfront living, combining natural beauty with convenient access to Buffalo and other Western New York destinations. A development here would also contribute significantly to the local tax base and stimulate economic growth. The asking price is $4,855,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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