3568 Walden AveLancaster, NY 14086

Property Details for 3568 Walden Ave

Year built

1963

Lot size

0.60 AC

Property size (Sq ft)

3,079 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

145289 104.33-2-9.1

APU

14528910433291

Description

This exceptional 6,103 square foot commercial building presents a unique investment opportunity in Lancaster, NY. Situated on a 0.6-acre lot with high visibility on Walden Avenue, this property boasts a versatile layout ideal for a variety of businesses. The main level features a showroom, office, conference room, two bathrooms, and a kitchenette, creating a functional and professional workspace. Ample parking is provided with 28 dedicated spaces. The expansive basement, featuring over 10-foot ceilings and dual exterior access points, offers significant expansion potential. This space could easily be divided into two separate units, generating multiple income streams or providing additional workspace. The building's prime location on Walden Avenue has previously supported diverse businesses, including auto sales, a restaurant, a recycling center, a screen printing business, and a moving company, demonstrating its adaptability and strong potential for future success. This property offers a rare chance to acquire a substantial commercial space with significant upside in a desirable location. The combination of size, location, and flexible layout makes this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $692,579

  6.5%

  $639,303

  7%

  $593,639

• Comparable approach

  Method

  Valuation

  Relative Method

  $456,578

  Geo Method

  $300,235

• Alternative Use

  Use

  Valuation

  Residential

  $639,303

  Hospitality

  $585,598

  Educational

  $487,211

  Medical

  $503,967

  Retail

  $757,884

Location Insight

City

Lancaster

County

Erie

State

New York

Latitude

42.9157

Longitude

-78.6749

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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