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VL Washington - President's Park 23.3 Acres of Commercial Land Offered at $1,900,000 in Lewiston, NY 14092

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INVESTMENT HIGHLIGHTS

  • 23.3 acres zoned planned unit development

EXECUTIVE SUMMARY

23.3 acres recently rezoned as a Planned Unit Development, currently conceptualized for 168 two-bedroom, two-bathroom luxury apartments. This newly available parcel had been planned as phase II of President’s Park, initially having begun development in 1987. Utilities are located roughly 75 feet into the site entrance at the intersection of Washington Drive & Madison Ave including Sewer, Storm, Water, Electrical Service, and Natural Gas. The site has a negative wetlands declaration having undergone a Wetlands Delineation & Review, approved jurisdictional determination from the Army Corps of Engineers, as well as SEQR Lead Agency coordination and negative declaration from the Town Board Lead Agency. Approvals have been received from the Lewiston Town Board, Town of Lewiston Planning Board, Niagara County Planning Board.

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL ANNUAL PER AC
Taxes $1,354 $58.11
Operating Expenses - -
Total Expenses $1,354 $58.11

FINANCIAL SUMMARY (ACTUAL - 2022)

Taxes
Annual $1,354
Annual Per AC $58.11
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $1,354
Annual Per AC $58.11

PROPERTY FACTS

Price $1,900,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 23.30 AC
Cross Streets Madison Street
Zoning PUD - Planned Unit Delvelopment

1 LOT AVAILABLE

Lot

Price $1,900,000
Price Per AC $81,545.06
Lot Size 23.30 AC

23.3 acres recently rezoned as a Planned Unit Development, currently conceptualized for 168 two-bedroom, two-bathroom luxury apartments. This newly available parcel had been planned as phase II of President’s Park.

DESCRIPTION

Twenty-three acres recently rezoned as a Planned Unit Development, currently conceptualized for 168 two-bedroom, two-bathroom luxury apartments. This newly available parcel had been planned as phase II of President’s Park, initially having begun development in 1987. Utilities are located roughly seventy five feet into the site entrance at the intersection of Washington Drive & Madison Ave including Sewer, Storm, Water, Electrical Service, and Natural Gas. The site has a negative wetlands declaration having undergone a Wetlands Delineation & Review, approved jurisdictional determination from the Army Corps of Engineers, as well as SEQR Lead Agency coordination and negative declaration from the Town Board Lead Agency. Approvals have been received from the Lewiston Town Board, Town of Lewiston Planning Board, Niagara County Planning Board.

  • Listing ID: 27975226

  • Date on Market: 3/14/2023

  • Last Updated:

  • Address: VL Washington, Lewiston, NY 14092

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