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4893 Transit Rd
Lancaster, NY 14043
Office Property For Sale
INVESTMENT HIGHLIGHTS
- 20,352 SF professional medical office building for sale. 85% occupied with long-term leases in place
- Value-add opportunity: 3,004 SF former dental suite available for lease or conversion to other medical/professional uses
- Located on heavily travelled Transit Road (Rt. 78) in one of the fastest growing trade areas of Western New York. Traffic counts exceed 33,000 vehicle
- Average remaining lease term of approximately 9 years, with renewal options
- Co-tenants include a thriving primary medical group and a well-known radiology provider. Excellent location near Route 400 Expressway and NYS Thruway
EXECUTIVE SUMMARY
20,352 SF professional medical office building for sale. 85% occupied with long-term leases in place. Average remaining lease term of approximately 9 years, with renewal options. Value-add opportunity: 3,004 SF former dental suite available for lease or conversion to other medical/professional uses. Co-tenants include a thriving primary medical group and a well-known radiology provider. Excellent location near Route 400 Expressway and NYS Thruway. Located on heavily travelled Transit Road (Rt. 78) in one of the fastest growing trade areas of Western New York. Traffic counts exceed 33,000 vehicles/day. Strong area demographics in one of WNY's rapidly growing communities. Close proximity to major retail, restaurants, and service amenities. Ample on-site parking. Ideal For: medical practices and professional office users. Call Richard Schechter for further pricing information.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,352 SF
Building Class
B
Year Built
1999
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,352 SF
Building FAR
0.16
Lot Size
2.84 AC
Zoning
C-1 ` - General Commercial
Parking
118 Spaces (5.8 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 145289-115-030-0001-060-000 | Improvements Assessment | $410,000 |
| Land Assessment | $440,000 | Total Assessment | $850,000 |
PROPERTY TAXES
Parcel Number
145289-115-030-0001-060-000
Land Assessment
$440,000
Improvements Assessment
$410,000
Total Assessment
$850,000
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