3568 Walden Ave Lancaster, NY 14086-1222
- Investment properties
- 3,079 SF
- 0.60 lot acres
Current Use by Public Records
- Zito Movers, Inc. / Mover
Property Details for 3568 Walden Ave
- Year built
- 1963
- Lot size
- 0.60 lot acres
- Property size
- 3,079 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 145289 104.33-2-9.1
- APU
- 14528910433291
Description
This exceptional 6,103 square foot commercial building presents a unique investment opportunity in Lancaster, NY. Situated on a 0.6-acre lot with high visibility on Walden Avenue, this property boasts a versatile layout ideal for a variety of businesses. The main level features a showroom, office, conference room, two bathrooms, and a kitchenette, creating a functional and professional workspace. Ample parking is provided with 28 dedicated spaces. The expansive basement, featuring over 10-foot ceilings and dual exterior access points, offers significant expansion potential. This space could easily be divided into two separate units, generating multiple income streams or providing additional workspace. The building's prime location on Walden Avenue has previously supported diverse businesses, including auto sales, a restaurant, a recycling center, a screen printing business, and a moving company, demonstrating its adaptability and strong potential for future success. This property offers a rare chance to acquire a substantial commercial space with significant upside in a desirable location. The combination of size, location, and flexible layout makes this an exceptional investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $250,000
- 6.5%
- $255,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $240,000
- Retail
- $330,000
- Mixed-Use
- $255,000
- Hospitality
- $280,000
- Educational
- $300,000
- Residential Income
- $320,000
- Energy
- $275,000
- Income-Based Land
- $300,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Erie
- State
- New York
- Longitude
- -78.6749
- Latitude
- 42.9157
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA