Prime Lewiston Commercial
716 Center Street Lewiston, NY 14092
716 Center Street, Lewiston, NY, 14092
$674,900
For Sale
$674,900
COMMERCIAL - Lewiston, NY
Property Size3,960 SF
Lot Size0.21 Acres
Price / SF$170.43
Days on Market144
Property Features for 716 Center Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-B-2
- Rooms
- Basement
- Parking features
- Paved or Surfaced
- Standard status
- Active
- APN
- 292401-101-011-0001-050-000
- Size
- 3,960 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9273
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Varies, Hardwood, Carpet
- Roof type
- Asphalt
Listing Agency
Deal Realty, Inc.
(716) 754-3301
451 Center Street, Lewiston, NY
Listed by
Cheryl Deal · License #10311205717
(716) 940-0548
Added: Feb 23 Checked: Jul 17 at 10:06 am
MLS# B1663081
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of the Village of Lewiston business district on Center Street, this commercial property offers visibility and is surrounded by small businesses, boutiques, shops, and restaurants. The building is configured as a two-unit commercial space but can function as one larger unit. Both units are updated and move-in ready, featuring private entrances and exits. Unit One is currently occupied, presenting an investment opportunity to occupy one unit while generating rental income from the other, or plan for future expansion. Unit One includes a foyer entry with large windows, a built-in reception desk, wood floors, recessed lighting, crown molding, and custom built-in cabinetry. It also features a front office with built-ins, an updated half bath, a versatile space that can serve as a kitchenette or workspace, and a rear office with built-in cabinetry and a private door to the back parking lot. The second unit has large exterior windows overlooking Center Street, built-in cabinetry, recessed lighting, and a combination of private and open office areas. It also includes an updated half bath and a kitchen equipped with a sink, microwave, refrigerator, and dishwasher. Dual front and rear entrances enhance accessibility. The partially finished basement, accessible from this unit, offers additional office space, a half bath, storage, glass block windows, two furnaces, updated mechanics, and a sump pump. The property size is 3,960 square feet, with 2,440 square feet on the first floor and 1,520 square feet in the partially finished basement, according to tax records. The lot size is 0.2121 acres. The zoning is R-B-2.
Key Highlights
- Prime location on Center Street in the heart of Lewiston's business district, offering high visibility and foot traffic.
- Two‑unit commercial building with income potential from existing tenant in Unit One, allowing for owner occupancy and rental income.
- Fully updated and move‑in ready condition, minimizing immediate renovation costs.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $21.60 |
| − Vacancy | −$10.9k | −$2.74 |
| EGI | $74.7k | $18.86 |
| − OpEx | −$18.7k | −$4.71 |
| NOI | $56.0k | $14.14 |
3,960 SF · lease $21.60/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$800.1K
$700.1K – $933.4K
NOI $56,005 @ 7.0% cap · market cap 8.30%
Second Best
Retail
$622.3K
$544.5K – $726.0K
NOI $43,559 @ 7.0% cap · market cap 6.45%
Theoretical Best
Warehouse
$3.36M
$2.94M – $3.93M
NOI $235,536 @ 7.0% cap · market cap 34.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Princeton Equity, LLC
Financial Advisor
Joann Parisi, Hunt ...
Real Estate Agency
Anne Smith, Hunt ...
Real Estate Agency
HUNT Real Estate ...
Real Estate Agency
Debbie West, Hunt ...
Real Estate Agency
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FAQs
What type of property is this?
Office building - Updated commercial building in Lewiston's business district with income potential.
Where is this office building located?
The property is located at 716 Center Street Lewiston, NY.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Prime location on Center Street in the heart of Lewiston's business district, offering high visibility and foot traffic.; Two‑unit commercial building with income potential from existing tenant in Unit One, allowing for owner occupancy and rental income.; Fully updated and move‑in ready condition, minimizing immediate renovation costs.
