Property profile

5497 Genesee St Lancaster, NY 14086

OFF-MARKET
Commercial land
Property ID
US63-2684172
67.87 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 68.5-acre vacant land parcel featuring an open field along the front and extensive wooded areas toward the rear. The lot measures approximately 891 feet by 3,563 feet with an irregular depth. It is zoned for commercial use and is suitable for a range of development types. Utilities including electric, gas, and water are available at the street. Access is provided by a gravel road near the east side that runs through the parcel and into the wooded rear area. The rear wooded area contains mixed tree species including maple, ash, aspen, cottonwood, hickory, and white oak, and a portion of the land is mapped as wetlands by the NYS DEC. Approximately 20 acres are developable, with the remainder largely constrained by wetland-mapped wooded areas. The parcel has extensive frontage on Ellicott Creek, which forms the southern boundary, and the property is capable of being subdivided into parcels of 10 acres or more. It is located approximately 0.5 miles east of Harris Hill Rd.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 67.87 ac (2,956,417 SF)
APN 145289 93.00-1-31
UPID US63-2684172

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tobacco Supplier

Location

5497 Genesee St Lancaster, NY 14086-9744
Lancaster metro Census 14208 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2021
Last sale
$350,000
2 recorded transactions
2021
$350,000
2012
$80,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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