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716 Center St, Lewiston, NY, 14092
Prime Lewiston Commercial Building

716 Center St Lewiston, NY 14092

For Sale
$674,900

Updated commercial building in Lewiston's business district.

Property Size3,960 SF
Price / SF$170.43
Days on Market98

Property Features for 716 Center St

General Information

Standard status Active
Size 3,960 SF
Property subtype Commercial

Building Details

Year Built 1960
Listing Agency: Deal Realty, Inc
Listed By: Cheryl Deal · License #10311205717
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 29 at 9:55AM

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 Deal Realty, Inc

Investment Insights

Based on property information with market context.

This commercial building is located in the heart of the Village of Lewiston business district on Center Street, surrounded by small businesses, boutiques, shops, and restaurants. The property is configured as a two-unit commercial building, but can function as one larger unit. Both units are updated and move-in ready, featuring private entrances and exits. Unit One is currently occupied, presenting an investment opportunity. It features a foyer entry with large windows, a built-in reception desk, wood floors, recessed lighting, crown molding, and custom built-in cabinetry. The front office offers ample built-ins, while the hallway leads to an updated half bath and an additional versatile space that can serve as a kitchenette or expanded workspace. The rear office includes built-in cabinetry and a private door leading directly to the back parking lot. The second unit also showcases large exterior windows overlooking Center Street, built-in cabinetry, recessed lighting, and a combination of private and open office areas. Additional features include an updated half bath and a kitchen equipped with a sink, microwave, refrigerator and dishwasher. Dual front and rear entrances enhance accessibility and visibility. The partially finished basement accessible from this unit offers additional office space, a half bath, storage, glass block windows, two furnaces, updated mechanics & a sump pump. The square footage per tax records reflects 3,960, with 2,440 on the 1st floor & 1,520 in the partially finished basement.

Key Highlights

  • Prime location on Center Street in the heart of the Village of Lewiston business district.
  • Two‑unit commercial building with income potential from existing tenant in Unit One.
  • Fully updated and move‑in ready condition.

Financial Insights For Office B

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 $85.5k $21.60
− Vacancy −$10.9k −$2.74
EGI $74.7k $18.86
− OpEx −$18.7k −$4.71
NOI $56.0k $14.14
3,960 SF · lease $21.60/SF/yr · vacancy 12.70% · expense 25.00%

Alternative Uses

Best Use
Office B
$800.1K
$700.1K – $933.4K (±1% cap)
NOI $56,005 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.36M
$2.94M – $3.93M (±1% cap)
NOI $235,536 @ 7.0% cap · market cap 34.90%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile Location Intelligence

Current Use

Princeton Equity, LLC Financial Advisor Joann Parisi, Hunt ... Real Estate Agency Anne Smith, Hunt ... Real Estate Agency HUNT Real Estate ... Real Estate Agency Debbie West, Hunt ... Real Estate Agency

Suggested Use

Top Pick Law Firm Auto Repair Shop Dental Office Auto Parts Store Big Box & Wholesale Store Building Supply

Zoning and permitted uses should be independently verified with authorities.

Frequently Asked Questions

What type of property is this?
Office units - Updated commercial building in Lewiston's business district.
Where is this office units located?
The property is located at 716 Center St Lewiston, NY.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Prime location on Center Street in the heart of the Village of Lewiston business district.; Two‑unit commercial building with income potential from existing tenant in Unit One.; **Fully updated and move‑in ready condition.**
More about this property
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