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    5533 Broadway St Lancaster, NY 14086

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    For Sale
    $395,000

    Historic mixed-use building with office space and apartment in Lancaster.

    Property size:
    3,693 SF
    Lot size:
    0.53 Acres

    Property Features for 5533 Broadway St

    General Information

    Size
    3,693 SF
    Lot size
    0.53 Acres

    Source: Cushman & Wakefield | Pyramid Brokerage - Buffalo Agent John E. Mikoley

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

    Overview

    Mixed-Use Building in Lancaster Village

    This historic mixed-use building is located in the Village of Lancaster. The property includes first-floor office space, which will be delivered vacant, and a large 3-bedroom apartment. A new roof is planned for 2025. The property benefits from a highly visible location in the revitalized Village of Lancaster, with an Average Annual Daily Traffic count of 16,694. It is a quick walk to the Village Central Business District and five minutes east of Transit Road. The 3,693 square-foot property is ideal for a financial planner, insurance provider, attorney, or real estate office.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    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
    -78.6646463
    Latitude
    42.8983619

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    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use building with office space and apartment in Lancaster.
    Where is this mixed-use property located?
    The property is located at 5533 Broadway St Lancaster, NY.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Mixed-use building with vacant first-floor office space and a large 3-bedroom apartment.; - Highly visible location in the revitalized Village of Lancaster (16,694 AADT).; - New roof in 2025.
    (716) 983-1233
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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
    5533 Broadway St Lancaster, NY 14086
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