491 Erie St Lancaster, NY 14086
Flex space investment property with long-term tenants and zero vacancies.
Type:Industrial
Property size:
31,500 SFLot size:
3.09 Acres- Added:
- Mar 23, 2026
- Days on Market:
- 12
- Last Refresh:
- Mar 17 at 2:52 am
Property Features for 491 Erie St
General Information
- Standard status
- Active
- Size
- 31,500 SF
- Lot size
- 3.09 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2001
Listing agent Shannon L McNichol
Listing office Nichol City Realty (716) 288-5484
Listing date Mar 23, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Nichol City Realty
Overview
Flex Space Investment Opportunity
This flex space investment property, constructed in 2001, is situated on 3 acres in a desirable location. The property includes 5 buildings with a total area of approximately 31,500 square feet. It features 18 tenants, comprising 16 suites, one tenant renting two storage containers, and another renting outdoor space. The tenancies are long-term and stable, with zero vacancies. Monthly rents total $16,662. Several units include offices and bathrooms. All units are equipped with suspended ceiling-mounted unit heaters. The blacktop parking area was partially redone in 2025.
Location Intelligence
Current Use by Public Records
Fitness Fusion
Gym & Fitness Center
Cindy Seiferts Cleaning ...
General Contractor
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Erie
- State
- New York
- Longitude
- -78.6356281
- Latitude
- 42.902081
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FAQs
What type of property is this?
Flex space - Flex space investment property with long-term tenants and zero vacancies.
Where is this flex space located?
The property is located at 491 Erie St Lancaster, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7% CAP rate with current monthly rents of $16,662.; Zero vacancies and long‑term, stable tenancies.; Flex space investment property with 5 buildings totaling approximately 31,500 sq ft on 3 acres.
