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    5294 Broadway Lancaster, NY 14086

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    5294 Broadway Lancaster, NY 14086


    • Office properties & Spaces
    • 1,600 SF
    • 0.16 lot acres
    Off-Market

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    Cap Rate Potential
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    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 5294 Broadway

    Year built
    1985
    Lot size
    0.16 lot acres
    Property size
    1,600 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This 1,600 square-foot vacant commercial property, located at 5294 Broadway in Lancaster, NY 14086, presents a fantastic opportunity. The building, constructed in 1985 and renovated in 2020, is classified as Class C and sits on a 0.16-acre lot. Currently configured as office space, it features four private offices/treatment rooms, a reception area, a waiting room with a half bath, storage space, and a private office with a full bath and rear access. The flexible layout allows for easy reconfiguration to suit various needs, as all interior walls are non-load bearing. The property boasts 15 parking spaces, offering ample convenience for clients and staff. Its prime location between Transit Road and downtown Lancaster ensures excellent visibility and accessibility. The building benefits from a 2003 roof replacement and regularly scheduled mechanical maintenance. Phase 1 and Phase 2 environmental assessments have been completed, confirming a clean site. Its proximity to major roadways, including Transit Road, the Buffalo Niagara International Airport, and the New York State Thruway (I-90), makes it highly accessible. The motivated sellers are seeking $309,900 for this property, representing a price per square foot of $193.69. This is a turnkey opportunity for businesses seeking a well-maintained, conveniently located space in a thriving area.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Erie
    State
    New York
    Longitude
    -78.6342
    Latitude
    42.8982
    More about this property
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