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Chris Lavey
REALTOR®, Lic. Real Estate Associate Broker
(716) 480-9507

491 Erie Street, Lancaster, NY 14086

$2,100,000
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  • 491 Erie Street, Lancaster, NY 14086 Main Photo

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New to the Market Active
SQUARE FEET32,874 MLS#B1666927
STATUSActive PROPERTY TYPECommercial - Industrial SCHOOLLancaster
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Property Description

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.

491 Erie Street | MLS# B1666927

This commercial property located at 491 Erie Street, Lancaster, NY 14086 is currently listed for sale with an asking price of $2,100,000. Erie Street is located within the Lancaster school district. Search Lancaster real estate on www.chrislavey.com today.

Property Features

Property Type: Commercial - Industrial
Basement: None
Cooling: 1 Unit
Heating: Gas, Individual
Lot Size: 3.09 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $32,020
Year Built: 2001

Feature Descriptions

Building Features: Loading Dock, Office, Private Restrooms
Days on Site: 1
Exterior: Metal Siding, Other
Flooring: Concrete
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 300X450
Parcel#: 145289-105-000-0005-045-211
Parking: Common, On Site, Surfaced
Parking Notes: Common, On Site, Surfaced
Sewer: Septic Tank
Utilities: Electricity Connected

Local Schools

School District: Lancaster

Listed By / Shown By

Listing By

Agency Name: Nichol City Realty
Agency Contact: 716-480-8117

Shown By

Agent Name: Chris Lavey
Agent Phone: (716) 480-9507
Agency Title: MJ Peterson Real Estate

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Chris Lavey
Chris Lavey Office: (716) 819-4200 Cell: (716) 480-9507 Fax: (716) 844-8328 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/17/2026. The listing information on this page last changed on 03/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/17/2026 3:38:25 AM EST) or New York State Alliance MLS (last updated Tue 03/17/2026 2:34:26 AM EST). Real estate listings held by brokerage firms other than MJ Peterson Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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