491 Erie St - Warehouse FOR SALE


Lancaster, NY 14086
$2,100,000 USD
716-480-8117
491 Erie St, Lancaster, NY for Sale
$2,100,000 USD
Warehouse - FOR SALE
1/35
null | 7% Cap Rate

491 Erie St
Lancaster, NY 14086


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

3.1

LAND SF

135,036

ZONING

Industrial

APN/PARCEL ID

145289-105-000-0005-045-211

ASK ABOUT THIS PROPERTY

Shannon McNicholNichol City Realty & Business BrokersMore Info
716-480-8117

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Shannon McNicholNichol City Realty & Business BrokersMore Info
716-480-8117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.