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.
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.
Property Details
Price:
$130,000
MLS #:
R1616831
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial
Neighborhood:
lyons542889
Listed Date:
Jun 20, 2025
Finished Sq Ft:
6,720
Total Sq Ft:
6,720
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1900
See this Listing
Schools
School District:
Lyons
Interior
Appliances
Gas Water Heater, See Remarks
Flooring
Hardwood, Laminate, Varies, Vinyl
Heating
Gas, Baseboard
Exterior
Construction Materials
Aluminum Siding, Brick, Other, Vinyl Siding
Parking Features
Two Spaces, Driveway, No Garage
Roof
Asphalt, Flat, Metal
Financial
Taxes
$4,167
Map
Community
Market Summary
Current real estate data for Single Family in Lyons as of Feb 06, 2026
16
Single Family Listed
120
Avg DOM
70
Avg $ / SqFt
$157,094
Avg List Price
Property Summary
- 78 Water Street Lyons NY is a Single Family for sale in Lyons, NY, 14489. It is listed for $130,000 and features 0 beds, 0 baths, and has approximately 6,720 square feet of living space, and was originally constructed in 1900. The current price per square foot is $19. The average price per square foot for Single Family listings in Lyons is $70. The average listing price for Single Family in Lyons is $157,094.
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Courtesy of Empire Realty Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 78 Water Street
Lyons, NY