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491 Erie St
Lancaster, NY 14086
 Industrial Property For Sale

Warehouses New York Lancaster 491 Erie St, Lancaster, NY 14086

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Executive Summary

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 Facts

Sale Type Investment Rentable Building Area 34,600 SF
Cap Rate 7% No. Stories 1
Sale Condition 1031 Exchange Year Built 2001
Property Type Industrial Parking Ratio 0.58/1,000 SF
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • FlexLight Distribution
 Clear Ceiling Height 16’
Building Class B No. Dock-High Doors/Loading 1
Lot Size 3.10 AC
Zoning Industrial
Sale Type Investment
Cap Rate 7%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • FlexLight Distribution
Building Class B
Lot Size 3.10 AC
Rentable Building Area 34,600 SF
No. Stories 1
Year Built 2001
Parking Ratio 0.58/1,000 SF
Clear Ceiling Height 16’
No. Dock-High Doors/Loading 1
Zoning Industrial

Property Taxes

Parcel Number 145289-105-000-0005-045-211 Improvements Assessment $1,510,399 CAD
Land Assessment $137,309 CAD Total Assessment $1,647,708 CAD

Property Taxes

Parcel Number
145289-105-000-0005-045-211
Land Assessment
$137,309 CAD
Improvements Assessment
$1,510,399 CAD
Total Assessment
$1,647,708 CAD
 

  • Listing ID: 39822156

  • Date on Market: 2026-03-18

  • Last Updated:

  • Address: 491 Erie St, Lancaster, NY 14086

The Industrial Property at 491 Erie St, Lancaster, NY 14086 is currently available for Sale. Contact Nichol City Realty & Business Brokers for more information.

INDUSTRIAL PROPERTIES IN NEARBY NEIGHBORHOODS

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