$2,100,000

491 Erie Street, Lancaster NY, 14086

Price per sqft$63.88

Built in2001

Property size32,874 sqft

Property typeCommercial

Overview

Pending

Listed Mar 15, 2026

Updated 4 weeks ago

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.

Additional information

MLS^® ID: B1666927

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 3.09 Acres

Other Property Details

Taxes: $32,020
Tax Frequency: Annually

Courtesy of Nichol City Realty, Shannon L McNichol

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Data last updated 6:43 AM UTC, 9/1/2026