Banking and Drive-Through Retail
3619 Walden Ave Lancaster, NY 14086
For Sale
Contact for pricing
Two maintained, one-story buildings include a basement former bank and a teller building with three drive-thru lanes.
Property Size2,379 SF
Price / SF$293.82
Days on Market72
Property Features for 3619 Walden Ave
General Information
- Standard status
- Active
- Size
- 2,379 SF
- Property subtype
- RETAIL
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Buffalo
(716) 861-5090
Listed By:
Benedict J. Borruso · License #30BO0466509
(716) 861-5090
Source:
Moodyscre
Added: May 14
Changed: Jul 23
Last Checked: Jul 23 at 12:40PM
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 Cushman & Wakefield | Pyramid Brokerage - Buffalo
Investment Insights
Based on property information with market context.
Two one-story brick and frame buildings are available, each professionally maintained and in excellent condition. The larger building includes 1,670+ SF plus a basement, previously used as a bank. A separate 769+ SF teller building features three drive-thru lanes and is configured for quick customer access.
The property sits on a signalized hard corner at Walden and Central Avenue and benefits from high visibility and traffic on both streets.
On-site amenities include 23+ parking spaces. A freestanding garage/storage building of 840+ SF provides additional covered space for operations, storage, or support needs.
The property sits on a signalized hard corner at Walden and Central Avenue and benefits from high visibility and traffic on both streets.
On-site amenities include 23+ parking spaces. A freestanding garage/storage building of 840+ SF provides additional covered space for operations, storage, or support needs.
Key Highlights
- Two maintained, one‑story brick and frame buildings with 1,670+ SF plus basement former bank
- 769+ SF teller building with three drive‑thru lanes
- 23+ on‑site parking spaces
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $18.00 |
| − Vacancy | −$4.6k | −$1.94 |
| EGI | $38.2k | $16.06 |
| − OpEx | −$9.5k | −$4.01 |
| NOI | $28.6k | $12.04 |
2,379 SF · lease $18.00/SF/yr · vacancy 10.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$409.3K
$358.1K – $477.5K
NOI $28,648 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$305.6K
$267.4K – $356.5K
NOI $21,390 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$520.1K
$455.1K – $606.7K
NOI $36,404 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BankOnBuffalo, a Division of CNB ...
Bank
FAQs
What type of property is this?
Bank - Two maintained, one-story buildings include a basement former bank and a teller building with three drive-thru lanes.
Where is this bank located?
The property is located at 3619 Walden Ave Lancaster, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two maintained, one‑story brick and frame buildings with 1,670+ SF plus basement former bank; 769+ SF teller building with three drive‑thru lanes; 23+ on‑site parking spaces
