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PRICE $2,100,000 dsIDX morgage calculator
SIZE 32,874 sqft
LOT SIZE 3.09 ac

Hard to find flex space investment property on 3 acres in a highly desirable area! Built in 2001. 5 buildings totaling approximately 31,500 sq ft. 18 total tenants... 16 suites, 1 tenant rents two storage containers, and 1 tenant rents outdoor space. Very long term and stable tenancies and zero vacancies. Currently being offered at a 7% CAP rate with monthly rents totaling $16,662, rents could be much higher. Several units have offices and bathrooms. All units have suspended ceiling mounted unit heaters. The blacktop parking area was partially redone in 2025.

DAYS ON MARKET 7 LAST UPDATED 3/15/2026
YEAR BUILT 2001 COMMUNITY Lancaster-145289
COUNTY Erie STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR CONDITIONING Yes
AREA Lancaster-145289
BASEMENT None
CONSTRUCTION Metal Siding, Other
HEAT Natural Gas
HOA DUES Industrial
INTERIOR LoadingDock, Office, PrivateRestrooms
LOT 3.09 acre(s)
LOT DESCRIPTION Rectangular Lot
LOT DIMENSIONS 300X450
PARKING Common, On Site
SEWER Septic Tank
STORIES 1
TAXES 32020
UTILITIES Electricity Connected
ZONING Light Industrial
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 491 ERIE STREET
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Listing provided by: Shannon L McNichol, Nichol City Realty, 716-480-8117

Listing data courtesy of the Internet Data Exchange (IDX) Program of CNYIS and the Adirondack Champlain Valley Multiple Listing Service.
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Listing information deemed reliable but not guaranteed

This IDX solution is (c) Diverse Solutions 2026.