Prime Lewiston Commercial
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
(716) 940-0548
Listed By:
Cheryl Deal · License #10311205717
(716) 940-0548
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
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
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
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.**