SQUARE FEET32,874
MLS#B1666927
STATUSActive
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 31,500 sq ft. 18 total tenants... 16 suites, 1 tenant rents two storage containers, and 1 tenant rents outdoor space. Very long term and stable tenancies and zero vacancies. Currently being offered at a 7% CAP rate with monthly rents totaling $16,662, rents could be much higher. Several units have offices and bathrooms. All units have suspended ceiling mounted unit heaters. The blacktop parking area was partially redone in 2025.
Property Features
Property Type: Commercial - Industrial
Basement: None
Cooling: OneUnit
Heating: Gas, Individual
Lot Size: 3.09 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $32,020
Year Built: 2001
Feature Descriptions
Building Features: LoadingDock, Office, PrivateRestrooms
Exterior: MetalSiding, Other
Flooring: Concrete
Lot: Rectangular, RectangularLot
Lot Dimensions: 300X450
Parcel#: 145289-105-000-0005-045-211
Parking: Common, OnSite, Surfaced
Parking Notes: Common, OnSite, Surfaced
Sewer: SepticTank
Utilities: ElectricityConnected
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.