Sold
Last Sold Price
10 beds10,509 sqft

5040 W Lake Rd, Dunkirk, NY 14048

Multi FamilyProperty Type
5.8 acresLot Size
1930Year Built
$71/sq ftPrice per sq ft

Description

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...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!
  • Listed by: Michael Heald 716.679.7653 healdrealty@gmail.com • Premier Realty & Investments
Listing closed: 03/25/2025 12:00 AM • Source: WNYREIS, MLS#: R1541962
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Location

Listing Courtesy of Premier Realty & Investments

Sold By Premier Realty & Investments

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Payment Calculator

$5,668 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,004

Property Taxes

$1,664

HOA Dues

$0

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Property Information for 5040 West Lake Road

Property Details

  • Taxes: $19,972 / year
  • MLS Type: Multi Family / Other
  • Waterfront Description: Beach Access, Lake
  • On Waterfront: Yes
  • Parking Description: One And One Half Spaces, Driveway, No Garage
  • Nearest Cross Street: LAKEVIEW DRIVE

Building Information

  • Stories: 1
  • Residences: 15
  • Year Built: 1930
  • Lot Size: 5.80 AC / 252,648 SF

Summary

Location and General Information
  • Elementary School District: Dunkirk
  • High School District: Dunkirk
  • Middle Or Junior School District: Dunkirk
  • Village: Not Applicable
  • View: Water
  • View YN: Yes
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Dunkirk-Town-063400
  • Tax Annual Amount: $19,972.00

Property

Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 10509.0
  • Land Features: Irregular Lot
  • Num Of Acres: 6.43
  • Lot Size Area: 6.43
  • Lot Size Square Feet: 252648.0
  • Lot Size Units: Acres
  • Parcel Number: 063400-095-013-0002-013-000
  • Road Frontage: Main Thoroughfare
  • Lot Number: 13
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $305,000
  • Year Built: 1930
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Num Of Electric Meters: 5
  • Num Of Gas Meters: 1
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected
  • Water Supply: Other, See Remarks

Interior and Exterior Features

Exterior Features
  • Community Features: None
  • Construction Materials: Brick, Block, Concrete, Vinyl Siding
  • Exterior Features: Gravel Driveway
  • Waterfront Footage: 260
  • Roof Description: Asphalt, Shingle
  • Waterfront Name: Lake Erie
Interior Features
  • Appliances: Gas Water Heater, See Remarks
  • Basement Description: Crawl Space
  • Num Of Possible Bedrooms: 10
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Laminate, Varies, Vinyl
  • Heating: Gas, Space Heater
  • Heating YN: Yes
  • Laundry Features: Common Area
  • Levels: One
  • Sq Ft Total: 10509.0
  • Main Level Bathrooms: 0

Multi Family

Multi-Family Information
  • Gross Annual Income: $80,000.00
  • Number Of Units Total: 15
  • Operating Expense Includes: Other, See Remarks
  • Stories: 1
  • Stories Total: 1

Rental

Rental Information
  • Rent Includes: Common Area Maintenance, Other, See Remarks

Property History for 5040 West Lake Road

DateEvent & SourcePriceAppreciation
Mar 25, 2025

Sold

WNYREIS #R1541962

$750,000—
Mar 25, 2025

Sold

New York State Alliance of MLSs (Buffalo) #R1541962

$750,000—
Sep 5, 2024

Pending

WNYREIS #R1541962

—
DateEvent & SourcePrice
03/25/2025

Sold

WNYREIS #R1541962

$750,000
03/25/2025

Sold

New York State Alliance of MLSs (Buffalo) #R1541962

$750,000
09/05/2024

Pending

WNYREIS #R1541962

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

5040 West Lake Road

Total Finished SqFt

486 SqFt

Above Grade Finished SqFt

486 SqFt

Stories

1

Lot Size

10,000 SqFt

Style

Hotel / Motel

Year Built

1960

Schools near 5040 West Lake Road

This home is within Dunkirk City School District.
Rating
School
Type
Grades
Distance
Public - 3 to 6
Public - 7 to 12
Public - K to 2
Public - PK to 2
Rating
School
Distance
Dunkirk Middle School
Public3 to 6

Dunkirk Senior High School
Public7 to 12

School 5
PublicK to 2

School 3
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Premier Realty & Investments

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.