INCREDIBLE INVESTMENT OPPORTUNITY WITH 260 FEET OF LAKE FRONTAGE! Do you have a business idea for a Lakefront property in an excellent location? With its endless possibilities, this rare and unique investment property situated on 6.43 acres along the beautiful shores of Lake Erie might be exactly what you've been looking for. As of today, the motel in the front contains (5) studios/efficiency units and (7) 1 bedroom apartments. Behind the motel and closer to the lake there are (10) cottages on the property, with 4 of the cottages currently occupied. Located between Shorewood country club and Lakewood Drive. To put your vision in motion, schedule your showing today!
Closed
$750,000
5040 W Lake Rd, Dunkirk, NY 14048
10beds
0baths
10,509sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$71/sqft
$810 Estimated rent
Home value
Not available
Estimated sales range
Not available
$810/mo
Zestimate® history
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$5,333/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Michael Heald 716-413-1500,
Premier Realty & Investments
Bought with:
Michael Heald, 10401346664
Premier Realty & Investments
Source: NYSAMLSs,MLS#: R1541962
Originating MLS: Chautauqua-Cattaraugus
Originating MLS: Chautauqua-CattaraugusFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 0
Heating
- Gas, Space Heater
Appliances
- Included: Gas Water Heater, See Remarks
- Laundry: Common Area
Features
- Flooring: Laminate, Varies, Vinyl
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 10,509
- Total interior livable area: 10,509 sqft
Property
Parking
- Parking features: One and One Half Spaces, Driveway, No Garage
Features
- Levels: One
- Stories: 1
- Exterior features: Gravel Driveway
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Beach Access, Lake
- Body of water: Lake Erie
- Frontage length: 260
Lot
- Size: 6.43 Acres
- Dimensions: 346 x 413
- Features: Irregular Lot
Details
- Parcel number: 0634000950130002013000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Block, Concrete, Vinyl Siding
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1930
Utilities & green energy
- Sewer: Connected
- Water: Other, See Remarks
- Utilities for property: Sewer Connected
Community & HOA
Community
- Features: None
Location
- Region: Dunkirk
Financial & listing details
- Price per square foot: $71/sqft
- Tax assessed value: $305,000
- Annual tax amount: $19,972
- Date on market: 5/31/2024
- Cumulative days on market: 97 days
- Listing terms: Cash,Land Contract,Other,See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2025 | Sold | $750,000-11.8%$71/sqft |
Source:  NYSAMLSs #R1541962 Report a problem | ||
| 9/10/2024 | Pending sale | $850,000$81/sqft |
Source: NYSAMLSs #R1541962 Report a problem | ||
| 6/24/2024 | Listed for sale | $850,000+54.8%$81/sqft |
Source: NYSAMLSs #R1541962 Report a problem | ||
| 9/3/2013 | Listing removed | $549,000$52/sqft |
Source: Howard Hanna - Fredonia #1031173 Report a problem | ||
| 1/7/2013 | Listed for sale | $549,000-21.5%$52/sqft |
Source: Howard Hanna - Fredonia #1031173 Report a problem | ||
| 10/16/2012 | Listing removed | $699,000$67/sqft |
Source: Northern Chautauqua Realty #1030101 Report a problem | ||
| 6/30/2012 | Listed for sale | $699,000$67/sqft |
Source: Northern Chautauqua Realty #1030101 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | -- | $17,000 |
| 2021 | -- | $17,000 |
| 2020 | -- | $17,000 |
| 2019 | -- | $17,000 |
| 2018 | -- | $17,000 |
| 2017 | $456 | $17,000 |
| 2016 | -- | $17,000 |
| 2015 | -- | $17,000 |
| 2014 | -- | $17,000 |
| 2013 | -- | $17,000 |
| 2012 | -- | $17,000 |
| 2011 | -- | $17,000 |
| 2010 | -- | $17,000 |
| 2009 | -- | $17,000 |
| 2008 | -- | $17,000 |
| 2007 | -- | $17,000 |
| 2006 | -- | $17,000 |
Find assessor info on the county website
Neighborhood: 14048
Nearby homes
- $400-- bd-- ba-- sqft5040 W Lake Rd, Dunkirk, NY 14048Off Market
- $20,3431 bd1 ba500 sqft5040 W Lake Rd, Dunkirk, NY 14048Off Market
- $20,343-- bd-- ba720 sqft5040 W Lake Rd, Dunkirk, NY 14048Off Market
- $--1 bd1 ba525 sqft5040 W Lake Rd #14, Dunkirk, NY 14048Off Market
- $600-- bd-- ba-- sqft10604 Lakewood Dr, Dunkirk, NY 14048Off Market
- $242,0004 bd2 ba1.7k sqft10604 Lakewood Dr, Dunkirk, NY 14048Sold
- $276,7002 bd1 ba1.2k sqftW Lake Rd, Dunkirk, NY 14048Off Market
- $208,6003 bd2 ba1.7k sqft10608 Lakewood Dr, Dunkirk, NY 14048Off Market
Nearby schools
GreatSchools rating
- NASchool 5Grades: K-2Distance: 2.7 mi
- 2/10Dunkirk Senior High SchoolGrades: 7-12Distance: 2.7 mi
- 4/10Dunkirk Middle SchoolGrades: 3-6Distance: 3 mi
Schools provided by the listing agent
- District: Dunkirk
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Chautauqua County
- Dunkirk
- 14048
- 5040 W Lake Rd
Nearby cities
Nearby zip codes
Other Dunkirk Topics
