158 Lake Shore DrDunkirk, NY 14048

Property Details for 158 Lake Shore Dr

Year built

1957

Lot size

0.23 AC

Property size (Sq ft)

1,750 SF

Zone code

R2

Property type

Office buildings

APN

060300 79.11-2-38

APU

603007911238

Description

This 1,800 square foot office building, situated on a 0.23-acre corner lot in Dunkirk, NY, boasts a highly desirable location on heavily trafficked Route 5. The single-story concrete structure offers exceptional visibility and convenient access, with ample parking for at least ten vehicles. Recently renovated, the property features a brand new Liberty Low Slope roof (installed 2024) with a warranty, along with new gutters and a replaced basement floor. Interior improvements include new bathroom sinks and toilet, professionally waxed floors, new slatwall display panels, and a new front picture window (with insulated double-hung windows on the front face to be installed February 2025). The building is meticulously clean and ready for immediate occupancy. The versatile floor plan includes two half bathrooms, a small kitchenette, a private office, and three spacious rooms suitable for various uses, such as dance studios, yoga studios, or retail spaces. Additional features include a small basement with a utility room, two furnaces, and two central air conditioning units. Fire doors with crash bars and commercial electric are also present. The building's history includes use as a dentist's office, attorney's office, retail store, and dance studio, demonstrating its adaptability to a wide range of businesses. A rear yard provides additional space. This property presents a unique opportunity for businesses seeking a well-maintained, high-visibility location in a thriving area. The building is for sale, not for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $335,636

  6.5%

  $309,818

  7%

  $287,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $171,200

  Geo Method

  $349,895

• Alternative Use

  Use

  Valuation

  Residential

  $384,174

  Hospitality

  $351,901

  Educational

  $292,778

  Medical

  $302,847

  Retail

  $455,432

Location Insight

City

Dunkirk

County

Chautauqua

State

New York

Latitude

42.4889

Longitude

-79.3268

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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