491 Erie Street Lancaster, NY ^$ 2,100,000

491 Erie Street

^$ 2,100,000

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Recently Listed

491 Erie Street

Lancaster, NY, 14086

^$ 2,100,000

Bedrooms-- Baths-- Sq 32,874

Monthly Estimate*

^$ 12,930

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Commercial Property for sale in Lancaster, NY

for $2,100,000. This 32,874 square foot building was built in 2001 on a lot size of 3.09.

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.

Commercial Active

Price

^$ 2,100,000

Property Type

Commercial

Taxes

^$ 32,020

Style

Industrial

Lot Size

3.09

Year Built

2001

Town/City

Lancaster

County/Region

Erie

MLS | Web ID

B1666927

Features

General

Sewer SepticTank

Heating Gas Individual

Cooling OneUnit

Utilities ElectricityConnected

Possession CloseOfEscrow

Roof Metal

Zoning Industrial

Construction Materials MetalSiding Other

School District Lancaster

Year Built 2001

Electric Other

Stories Count 1

Township Not Applicable

Levels One

Property Subtype Industrial

County Erie

Property Type CommercialSale

Possible Use Warehouse

Building Features LoadingDock Office PrivateRestrooms

Status Active

City Lancaster

High School District Lancaster

Zoning Description Light Industrial

Number Of Units Total 0

MLS Area Lancaster-145289

Lot Size Units Acres

Lot Size Square Feet 134600.0

Year Built Details Existing

Tax Annual Amount 32020.0

Property Condition Resale

Lease Considered Y/N No

Standard Status Active

Middle/Junior School District Lancaster

Elementary School District Lancaster

Tax Assessed Value 1875000

TaxOtherAnnualAssessmentAmount 0.0

Tax Lot 45

Interior

Basement None

Flooring Concrete

Total Fireplaces 0

Total Stories 1

Basement (Y/N) No

Air Conditioning Y/N Yes

Heating Y/N Yes

Fireplace Y/N No

Main Level Bathrooms 0

Total Baths 0

Exterior

Parking Features Common OnSite Surfaced

Lot Features Rectangular RectangularLot

Total Parking 20.0

Inclusions Building Only

Lot Size Area 3.09

Number of Buildings 5

Building Area Total 32874.0

Lot Dimensions 300X450

Lot Size Acres 3.09

Waterfront Y/N No

Internal Only

Street Number 1 491

* Excluded Features

List By

Nichol City Realty

Broker

(716) 480-8117

Phone

Affordability Calculator

$15,598

Per Month

Monthly Principal & Interest: $12,930
Monthly Property Taxes: $2,668
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lancaster, NY

Average List Price ^$896,483

Percent of Sale Price 57%

About Lancaster, NY

44,738 Population

15% Since 2002

^$69,422 Median Income

43.78 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

246444 Elementary School

246634 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/16/2026	$2,100,000		Listed Price

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491 Erie Street, Lancaster, NY, 14086 is a Commercial Property for sale at $2,100,000 with 32,874 sqft and a lot size of 3.09. 491 Erie Street was built in 2001. The property's zip code is 14086 which is in Lancaster, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this site's owner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Fair Housing Notice (FHN)-https://www.dos.ny.gov/licensing/docs/FairHousingNotice_new.pdf

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491 Erie Street

Commercial Property for sale in Lancaster, NY

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