5294 Broadway Lancaster, NY 14086
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.