For Sale
$399,900

363 Lake Shore Dr Dunkirk, NY 14048

Dunkirk Motel - 16 Room Potential

Overview

Added:
Feb 3
Days on market:
73
This exceptional investment opportunity presents a partially renovated motel at 363 Lake Shore Drive West in Dunkirk, New York. Boasting 4,618 square feet on a 1.8-acre lot, this property offers significant upside potential. The existing structure has undergone substantial renovations, including a new roof, siding, windows, doors, electrical panel and service, plumbing, and PTAC heating and air conditioning units. Four rooms are fully renovated and ready for immediate rental income generation. The property's layout allows for expansion to a total of sixteen rentable rooms, significantly increasing revenue potential. Its prime location near Point Gratiot Beach, Dunkirk Pier, and SUNY Fredonia ensures high occupancy rates and strong demand. The property is being offered at $399,900. The seller is open to a package deal including the adjacent property at 365 Lake Shore Drive West, presenting an even more compelling investment opportunity for a buyer seeking to acquire a larger portfolio. This is a rare chance to acquire a well-located motel with significant renovation already completed, poised for immediate income generation and future expansion. The property's strong location and potential for growth make it an attractive investment for both seasoned investors and new business owners seeking to enter the hospitality industry. This is a turnkey opportunity to establish a thriving lodging business in a desirable location.

Property Details for 363 Lake Shore Dr

Property type
Commercial real estate
Square Feet
4,618 SF
Year Built
1960
Lot Size (sq. ft)
78,408 SF

Location Insight

City
Dunkirk
County
Chautauqua
State
New York
Latitude
42.48146
Longitude
-79.35516
363 Lake Shore Dr, Dunkirk, New York

FAQs

What type of property is this?
Commercial real estate - Dunkirk Motel - 16 Room Potential
Where is the commercial real estate located?
The property is located at 363 Lake Shore Dr Dunkirk, NY.
What is the asking price?
The asking price for this property is $399,900.
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363 Lake Shore Dr
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