Courtesy: Cilicia Realty LLC
716-472-3726
Courtesy: Nichol City Realty
716-288-5484
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.
Courtesy: Gurney Becker & Bourne
716-849-1234
Excellent investment opportunity, with plenty of value add, curb appeal and street exposure! Welcome to 5476 Broadway St. nestled in the heart of the Lancaster Village and located just a block away from Central Ave and all the amenities it has to offer. This mixed-use offering is situated on a corner lot and is comprised of two buildings. This property features a mix of both retail and residential units, off street and garage parking to accommodate about 10 cars, and an additional adjacent lot along School St. The front building is made up of two retail storefronts, each about 1,000sqft, and are functioning as a custom cabinet and countertop showroom and a restaurant. On the second floor, there are 4 apartments, two 2-bedrooms and two 1-bedrooms, with a third floor that has potential to be converted back into 2 additional rental units. The rear building is made up of 3 apartments, one 1-bedroom and two 2-bedrooms and garage parking. The rear parcel, addressed as 9 School St, adds an extra 7,000sqft of lot size that can be converted into additional parking. All utilities across both buildings are separate, and all tenants are on month to month leases. Front building has newer electrical service and brand new central air units for storefronts.
Lancaster is located in New York. Lancaster, New York has a population of 44,732. Lancaster is more family-centric than the surrounding county with 29.74% of the households containing married families with children. The county average for households married with children is 26.77%.
The median household income in Lancaster, New York is $79,908. The median household income for the surrounding county is $62,578 compared to the national median of $69,021. The median age of people living in Lancaster is 45.9 years.
The average high temperature in July is 81.2 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 39.4 inches per year, with 84.8 inches of snow per year.
