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    43 Central Ave Lancaster, NY 14086

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    For Sale
    $1,200,000

    Restored mixed-use building featuring apartments and office units.

    Property size:
    12,313 SF

    Property Features for 43 Central Ave

    General Information

    Size
    12,313 SF

    Building Details

    Year built
    1896

    Source: Ronald Gunner Tronolone Agent Ronald Gunner Tronolone

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

    Overview

    Historic Mixed-Use Building, Lancaster

    This historic three-story building, located in the new development district of the Village of Lancaster, was fully restored in 2015. The property features three residential apartments and two office units. The building has new windows throughout. Exterior work includes brick pointing and painting. The property also features roof repairs and new mechanics, including five new electrical panels, five furnaces, five air conditioning units, and five hot water tanks. The units include stainless steel appliances such as refrigerators, microwaves, and gas stoves. All appliances are included. The property is located on Central Avenue near Broadway. Windows, brick work and exterior paint were approved by SHPO. The property size is 12313 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tiveron Law PLLC Law Firm J. Michael Kelleher ... Attorney Offer Advantage Real Estate Agency Construction Advantage LLc Construction Company Severyn Development Real Estate Developer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Erie
    State
    New York
    Longitude
    -78.6700113
    Latitude
    42.9021073

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    FAQs

    What type of property is this?
    Mixed-use property - Restored mixed-use building featuring apartments and office units.
    Where is this mixed-use property located?
    The property is located at 43 Central Ave Lancaster, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Fully restored in 2015 with historically sensitive renovations approved by SHPO.; - Includes 3 residential apartments and 2 office units, offering diverse income potential.; - All new mechanics installed in 2015: 5 electrical panels, 5 furnaces, 5 ACs, and 5 HWTs.
    (716) 913-7107
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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
    43 Central Ave Lancaster, NY 14086
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