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    5400 Broadway Lancaster, NY 14086

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    For Sale
    $500,000

    Extensively renovated office building with parking in historic village downtown.

    Property size:
    12,188 SF

    Property Features for 5400 Broadway

    General Information

    Size
    12,188 SF

    Source: Stephen Hunt Agent Stephen Hunt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Building in Lancaster

    This extensively renovated office building, originally built as a bank office, is available for sale. The property was renovated after being purchased in 2007. The interior features eight perimeter offices, twenty-seven workstations, and a large reception area accessible from the Broadway entrance. An additional two offices, a training room, and a break room are located off the north parking lot. The building includes three handicapped-accessible bathrooms. A paved parking lot provides space for 30 vehicles, with an adjacent public lot offering an additional 10 spaces. The property includes furniture and workstations. It is situated near the corner of the historic Village downtown area, which is undergoing general renewal and renovation. The building is located in Lancaster, NY.
    Location Intelligence

    Current Use by Public Records

    Aftercare Nursing Services Home Health Care Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Erie
    State
    New York
    Longitude
    -78.685124
    Latitude
    42.901501

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    FAQs

    What type of property is this?
    Office building - Extensively renovated office building with parking in historic village downtown.
    Where is this office building located?
    The property is located at 5400 Broadway Lancaster, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Extensively renovated office space since 2007.; - Paved parking lot for 30 cars plus adjacent public lot of 10 cars.; - Includes **eight perimeter offices** and twenty-seven workstations.
    (716) 444-0299
    Request Owner's contact information
    5400 Broadway Lancaster, NY 14086
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5400 Broadway Lancaster, NY 14086
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