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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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 25, 2025 at 05:09pm
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 & neighborhood
Location
- Region: Dunkirk
Other
Other facts
- 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 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | -- | $17,000 |
| 2021 | -- | $17,000 |
| 2020 | -- | $17,000 |
Find assessor info on the county website
Neighborhood: 14048
Nearby schools
GreatSchools rating
- NASchool 5Grades: K-2Distance: 2.7 mi
- 3/10Dunkirk Senior High SchoolGrades: 7-12Distance: 2.7 mi
- 3/10Dunkirk 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.