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5532 Broadway St 4,350 SF Office Building Lancaster, NY 14086 $395,000 ($90.80/SF)
Investment Highlights
- Highly visible building located on Broadway in the Village of Lancaster (16,694 AADT)
- Ample on-site parking
- Five minutes east of Transit Road
- The property features two office suites; one provides longterm rental income, and the other will be delivered vacant
- Located in the revitalized village of Lancaster, just a short walk to the Central Business District
- Ideal for: insurance office, law firm, real estate services, sales office
Executive Summary
Highly visible building located on Broadway in the Village of Lancaster (16,694 AADT). The property features two office suites; one provides long-term rental income, and the other will be delivered vacant. Ample on-site parking. Located in the revitalized village of Lancaster, just a short walk to the Central Business District. Five minutes east of Transit Road. Ideal for: insurance office, law firm, real estate services, sales office.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,350 SF
Building Class
C
Year Built
1960
Price
$395,000
Price Per SF
$90.80
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,175 SF
Slab To Slab
9’
Building FAR
0.18
Lot Size
0.55 AC
Zoning
C - Commercial
Parking
20 Spaces (4.6 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 145203-104-830-0003-015-100 | Improvements Assessment | $192,000 |
| Land Assessment | $58,000 | Total Assessment | $250,000 |
Property Taxes
Parcel Number
145203-104-830-0003-015-100
Land Assessment
$58,000
Improvements Assessment
$192,000
Total Assessment
$250,000
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5532 Broadway St
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