5360 Genesee StBowmansville, NY 14026

Property Details for 5360 Genesee St

Year built

1950

Lot size

3.39 AC

Property size (Sq ft)

36,080 SF

Property type

Office buildings

APN

145289 82.19-1-7.1

APU

1452898219171

Description

This exceptional Bowmansville, NY office building presents a fantastic leasing opportunity. Located at 5360 Genesee St, this Class B property boasts 36,080 square feet across two stories, offering a variety of configurations to suit diverse business needs. Currently, 2,900 square feet of immediately available space is perfect for a single tenant, with a minimum divisible space of 2,900 square feet. The building, constructed in 1950 and renovated in 2012, features a traditional office layout adaptable to executive office, coworking, or creative office uses. The 2,900 square foot suite offers an open floor plan with several private offices, providing flexibility for various team sizes and work styles. Ample on-site surface parking is available for tenants and clients. Situated on Genesee Street in Lancaster, this location offers convenient access to nearby amenities such as Tim Hortons, Linguine's Restaurant, and the USPS. Enjoy easy commutes with proximity to the NYS Thruway (I-90), Kensington Expressway, and Buffalo-Niagara International Airport, and just 1.5 miles east of Transit Road. The property sits on 3.39 acres of land and is zoned RCO in Erie County. This location is ideal for advertising/marketing firms, financial institutions, and other professional office users seeking a well-maintained and conveniently located space.

• CAP approach

  CAP return

  Valuation

  6%

  $7,697,900

  6.5%

  $7,105,754

  7%

  $6,598,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,685,108

  Geo Method

  $2,269,793

• Alternative Use

  Use

  Valuation

  Residential

  $8,811,135

  Hospitality

  $8,070,952

  Educational

  $6,714,938

  Medical

  $6,945,874

  Retail

  $10,445,458

Location Insight

City

Bowmansville

County

Erie

State

New York

Latitude

42.9442

Longitude

-78.6792

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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