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Property profile & analytics
OFF-MARKET Estimated value $1,340,000
Investment properties

473 Aurora St Lancaster, NY 14086-2975

15,544 SF 1.07 ac lot Built 2019
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US63-3818024
Property summary
AI-generated overview

This exceptional office property, located at 473 Aurora Street in Lancaster, New York (zip code 14086), presents a significant opportunity for businesses seeking a prominent presence in Erie County. The building encompasses a substantial 15,544 square feet of space, suitable for a single tenant. The property's classification includes both Executive Office and Traditional Office subtypes, catering to a variety of business needs and configurations. The single-tenant occupancy ensures privacy and control over the entire space. The address is conveniently situated in Lancaster, NY, offering easy access to local amenities and transportation networks. This property is ideal for companies seeking a substantial and well-located office space to accommodate their growth and operational requirements. The building's size and layout provide ample room for various office configurations, from individual offices to open workspaces, meeting rooms, and support areas. The property's location in Lancaster, NY, offers a blend of suburban tranquility and convenient access to urban centers. This presents a compelling opportunity for businesses seeking a high-quality, well-positioned office space in a desirable location within Erie County. The 15,544 square feet provides significant flexibility for a wide range of business operations. Further details regarding the internal layout and specific amenities are available upon request.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2019
Total area 15,544 SF
Lot 1.07 ac (46,609 SF)
APN 145289 115.14-8-21.1
UPID US63-3818024
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Leo's Pizzeria Lancaster Restaurant
  • merrittkreutzer Real Estate Agency
  • Benzinger's Clothing Care (Bike/Boat/Book/etc) Store
  • Gigi Gerardine Jankowski @EnvisionRealEstate Real Estate Agency
  • Envision Real Estate - Lancaster Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.34M
Owner & transaction history
Town Of Lancaster · 4 yrs held
Town Of Lancaster
since 2022
5 recorded transactions
2022
Price N/A
2020
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.1M +35.1%
Neighborhood: shopping center $2.1M +33.9%
Office building $1.8M +15.5%
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