491 Erie St
lancaster, NY 14086US$2,100,000
- Contract signed
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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.
Details
32,874 Sq Ft
3.09 Private Acres Lot Size
industrial
US$2,668 Monthly Tax
Built in 2001
MLS/Listing ID B1666927
1 Stories
Amenities & Features
Construction - Metal Siding
Concrete
Heating - Gas
Heating - Individual
Lot - Rectangular Lot
Parking - Common
Parking - On Site
Metal
Septic System
Loading Dock
Office
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