1. New York
  2. Lyons
  3. 78 Water Street
$499,900

78 Water Street, Lyons, NY 14489

  • 6,720 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $74/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Investor Special in the Heart of Lyons! Attention investors, developers, and visionaries! This three-story boarding house located at 78–82 Water Street offers a rare opportunity to restore a historically utilized 12-room income property with additional office space on the lower level. Formerly fully occupied and income-producing, the building has been vacant for the past 4–6 months and is currently condemned, requiring updates to bring it back up to code. Located in the center of Lyons, just steps from Central Park, this property boasts excellent visibility, walkability, and proximity to local shops, government offices, and the Erie Canal. Once revitalized, it could serve as a multi-unit rental, boarding house, or even be reimagined into a live-work space or community housing project. With its size, location, and layout, this property has strong redevelopment potential—perfect for a buyer with a plan and the ability to breathe life back into a centrally located staple of the Lyons community.

Listing Status:
Active
Date Added:
June 20, 2025 at 05:00AM
Listing Office:
Empire Realty Group : 315-871-4000
Listing Agent:
Nancy Ramos : 315-359-0850
MLS ID:
R1616831
  • Appliances: Gas Water HeaterSee Remarks
  • Basement: Full
  • Flooring: HardwoodLaminateVariesVinyl
  • Heating: GasBaseboard
  • Fireplace: Fireplaces: 0

This listing courtesy of Nancy Ramos, Empire Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

L

Lyons Elementary School

98 William St, Lyons, NY, 14489

Grades PK-6

0.31 miles away

L

Lyons Middle School

10 Clyde Rd, Lyons, NY, 14489

Grades 6-8

0.56 miles away

L

Lyons Senior High School

10 Clyde Rd, Lyons, NY, 14489

Grades 9-12

0.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.