Redevelopment Opportunity

5047 Transit Road Lancaster, NY 14086

5047 Transit Road, Lancaster, NY, 14086
5047 Transit Road, Lancaster, NY, 14086
FOR SALE
Property Type:
Commercial Land Development
Amount:
$599,000
Last Verified:
May 22, 2023

Highlights

  • Excellent Development Site
  • Great Location
  • One of a few remaining buildable vacant land sites in this market
  • Expandable Up To a Total of 4.2 +/- Acres of Land
  • All Utilities Are At The Road

Description

Adjacent out parcel a few hundred feet north of the Walmart Super Center. 1.4 +/- acres, lot size 210' x 238'. 45' x 268' paper streets could be acquired for a minimum price. Zoned commercial and multi-family (3 or more buildings/units). Also available to the north are one or two additional properties of 5057 Transit Road consisting of approximately 1.2+/- acres & 2.43 +/- acres can be purchased for an additional amount. The Three lots combined total approximately 5 +/- acres of land. The combined frontage for all three parcels are approximately 638' +/- of frontage on Transit Road and would be suitable for a plaza, automobile dealership, and several other potential developments

Located on the East side of Transit Road between Losson Road and Como Park Boulevard. Approximately 400' north of Walmart Super Center, several national restaurants, banks, Tops Super Market, Wegmans, Rite Aid, Aldi Foods, Kohls, Target, Dennys, Taco Bell, Wendys, McDonalds, Applebees and more.

Lot Size: 1.4 acres


Documents

Sale Brochure

Map of 5047 Transit Road, Lancaster, NY, 14086

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.