Industrial Facility with Refrigerated
For Sale
$1,200,000
3600 Commerce Parkway, Lancaster, NY 14086
Built in 2018 with a clear-span warehouse, dock doors, and dedicated refrigerated cooler space plus finished office area.
Property Size9,240 SF
Price / SF$129.87
Days on Market109
Property Features for 3600 Commerce Parkway
General Information
Standard status
Active
Size
9,240 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
13 ft
Dock-High Doors
6
Heavy Power
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,925
Building Details
Building Size
9,240 SF
Year Built
2018
Listing Agency:
Hanna Commercial
Listed By:
Richard Wadsworth · License #10401370901
(716) 239-5764
Source:
Highfallssir
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 25 at 1:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hanna Commercial
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Investment Insights
Based on property information with market context.
This 9,240 SF industrial facility was built in 2018 and offers a clear-span warehouse layout designed for operational flexibility. The property includes 13-foot clear ceiling height, 4,000 SF of refrigerated/cooler space, and 500 SF of finished office space. Shipping and receiving is supported by six trailer-height dock doors, with three dock doors accommodating box trucks. Electrical service includes 480V power and a 300-amp electrical panel, with modern construction throughout.
The facility is located in Lancaster Industrial Park, with access to major highways and regional transportation routes.
On-site expansion potential is noted, supporting long-term growth for logistics, warehousing, manufacturing, or cold-storage and food distribution uses.
The facility is located in Lancaster Industrial Park, with access to major highways and regional transportation routes.
On-site expansion potential is noted, supporting long-term growth for logistics, warehousing, manufacturing, or cold-storage and food distribution uses.
Key Highlights
- 9,240 SF industrial facility built in 2018 in the Lancaster Industrial Park
- Clear‑span building with 13‑ft clear ceiling height for flexible warehouse operations
- 4,000 SF refrigerated/cooler space plus efficient warehouse layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,243
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,860
$984.9K
Cap Rate 7%
$703,471
$703.5K
Cap Rate 9%
$547,144
$547.1K
Market Conditions
NOI Build-Up for 9,240 SF
Gross rent
$62.1K $6.72/SF
− Vacancy
−$4.2K −$0.45/SF
EGI
$57.9K $6.27/SF
− OpEx
−$8.7K −$0.94/SF
NOI
$49.2K $5.33/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,860
Cap Rate 7%
$703,471
Cap Rate 9%
$547,144
Alternative Uses
Best Use
Warehouse
$703.5K
$615.5K – $820.7K
NOI $49,243 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,394 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
13 ft
Clear height
6
Dock-high doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
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Business Placement
Demographics for 14086, NY
35,010
Population
15,486
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
1,051
Density / Sq Mi
$95,949
Median Household Income
$53,164
Median Earnings
$983
Median Rent
$263,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Built in 2018 with a clear-span warehouse, dock doors, and dedicated refrigerated cooler space plus finished office area.
Where is this refrigerated & cold storage located?
The property is located at 3600 Commerce Parkway 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: 9,240 SF industrial facility built in 2018 in the Lancaster Industrial Park; Clear‑span building with 13‑ft clear ceiling height for flexible warehouse operations; 4,000 SF refrigerated/cooler space plus efficient warehouse layout
