491 Erie Street, Lancaster, NY, 14086

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$2,100,000
177 Days On Site

491 Erie Street
Lancaster, NY 14086

Industrial|Pending
0
Beds
0
Total Baths
32,874
SqFt
$64
/SqFt
2001
Built
County:
Erie
Listing courtesy of Shannon L McNichol of Nichol City Realty (716) 480-8117
Call Now: 716-676-6123
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716-676-6123
491 Erie Street491 Erie Street491 Erie Street491 Erie Street
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Monthly Payment (Est.)

$9,581
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

Hard to find flex space investment property on 3 acres in a highly desirable area! Built in 2001. 5 buildings totaling approximately 32,874sf. 22 total tenants... 20 individual suites, 1 tenant rents two storage containers, and 1 tenant rents outdoor space. Very long term and stable tenancies and 5 vacancies that are currently available for rent at $12/sf. The owner is installing 5 bathrooms in building 5. Currently being offered at a 10% CAP rate with monthly rents potential totaling $21,975. Rents and CAP rate could be much higher. All units have suspended ceiling mounted unit heaters. The blacktop parking area was partially redone in 2025. LA has a data room link available to share with detailed rent rolls and information on which suites have bathrooms and offices.

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Listing Snapshot
Price 
$2,100,000
Days On Site 
177 Days
Bedrooms 
N/A
Inside Area (SqFt) 
32,874 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
3.09 Acres
Year Built 
2001
MLS® Number 
B1666927
Status 
Pending
Property Tax 
$32,020
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoStatus changed to Pending
a week agoListing updated with changes from the MLS®
6 months agoListing first seen on site
General Features
Acres 
3.09
Additional Property Use 
Warehouse
Building Features 
LoadingDockOfficePrivateRestrooms
Cross Street 
Pavement
Levels 
One
Number Of Stories 
1
Parking 
CommonOn Site
Parking Spaces 
20
Property Sub Type 
Industrial
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Total 
32874
Utilities 
Electricity Connected
Zoning 
Industrial
Interior Features
Basement 
None
Cooling 
Flooring 
Concrete
Heating 
Natural Gas
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Exterior Features
Construction Details 
Metal SidingOther
Lot Features 
Rectangular Lot
Roof 
Metal
Community Features
MLS Area 
Lancaster-145289
School District 
Lancaster
Township 
Not Applicable
Financing Terms Available 
Conventional
Schools
School District
Lancaster
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Shannon L McNichol of Nichol City Realty (716) 480-8117



The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © Last checked: 2026-09-08 07:46 PM UTC CNYIS, UNYREIS, WNYREIS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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