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    18 Lancaster Pkwy Lancaster, NY 14086

    For Sale
    $3,500,000

    32,500 SF industrial/commercial building in Lancaster, NY.

    Lot size:
    2.57 Acres

    Property Features for 18 Lancaster Pkwy

    General Information

    Lot size
    2.57 Acres

    Building Details

    Year built
    2016

    Source: Howard Hanna WNY Inc Agent Leonard J Alessandra III

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

    Overview

    Newer Industrial/Commercial Building For Sale

    This newer built 32,500 square foot industrial/commercial building is situated on a 2.57 acre lot in Lancaster, New York. The building includes 27,200 square feet of manufacturing space and 5,300 square feet of office space, which includes a conference room. The manufacturing area features 21 to 22 foot ceiling heights and 3-phase 208v electric power. There is a shipping and receiving area, along with five overhead doors, including one at dock grade level. Parking is available for 42 vehicles. The property currently receives tax breaks from the Lancaster IDA, and the new owner would need to apply to the LIDA to take over the remaining time of the PILOT program.
    Insight Report Location Intelligence

    Current Use by Public Records

    JAGG Electrical & Control Electrical Equipment Supplier JAGG Electronics Store

    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
    -78.6148475
    Latitude
    42.9285494

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    FAQs

    What type of property is this?
    Manufacturing property - 32,500 SF industrial/commercial building in Lancaster, NY.
    Where is this manufacturing property located?
    The property is located at 18 Lancaster Pkwy Lancaster, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Large 32,500 Sq Ft Industrial/Commercial Building; - Situated on a 2.57 Acre Lot in Lancaster; - Includes **27,200 Sq Ft of Manufacturing Space** and 5,300 Sq Ft of Office Space
    (716) 563-9888
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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
    18 Lancaster Pkwy Lancaster, NY 14086
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