SQUARE FEET32,874
MLS#B1666927
STATUSActive Under Contract
PROPERTY TYPECommercial - Industrial
SCHOOLLancaster
Property Description
Hard to find flex space investment property on 3 acres in a highly desirable area! Built in 2001. 5 buildings totaling approximately 32,874sf. 22 total tenants... 20 individual suites, 1 tenant rents two storage containers, and 1 tenant rents outdoor space. Very long term and stable tenancies and 5 vacancies that are currently available for rent at $12/sf. The owner is installing 5 bathrooms in building 5. Currently being offered at a 10% CAP rate with monthly rents potential totaling $21,975. Rents and CAP rate could be much higher. All units have suspended ceiling mounted unit heaters. The blacktop parking area was partially redone in 2025. LA has a data room link available to share with detailed rent rolls and information on which suites have bathrooms and offices.
Property Features
Property Type: Commercial - Industrial
Basement: None
Cooling: 1 Unit
Heating: Gas, Individual
Lot Size: 3.09 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $32,020
Year Built: 2001
Feature Descriptions
Building Features: Loading Dock, Office, Private Restrooms
Days on Site: 80
Exterior: Metal Siding, Other
Flooring: Concrete
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 300X450
Parcel#: 145289-105-000-0005-045-211
Parking: Common, On Site, Surfaced
Parking Notes: Common, On Site, Surfaced
Sewer: Septic Tank
Utilities: Electricity Connected
Local Schools
School District: Lancaster
Listed By / Shown By
Listing By
Agency Name: Nichol City Realty
Agency Contact: 716-480-8117
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
491 Erie Street | MLS# B1666927
This commercial property located at 491 Erie Street, Lancaster, NY 14086 is currently listed for sale with an asking price of $2,100,000. Erie Street is located within the Lancaster school district. Search Lancaster real estate on www.mjpeterson.com today.