Redevelopment Opportunity

5059 Transit Road Lancaster, NY 14086

5059 Transit Road, Lancaster, NY, 14086
5059 Transit Road, Lancaster, NY, 14086
FOR SALE
Property Type:
Commercial Land Development
Amount:
$449,900
Last Verified:
Sep 06, 2024

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Highlights

  • Excellent Development Site
  • Great Location
  • One of a few remaining buildable vacant land sites in this market
  • Expandable Up To a Total of 5 +/- Acres of Vacant Land
  • All Utilities Are At The Road

Description

Out parcel 1/4 mile North of the Walmart Super Center. 2.32 +/- acres zoned commercial. Lot size is 150'+/- x 548'+/- with an irregular shaped lot. Additional adjacent to rear of front lot is another 45" +/- X 415' +/- was formerly a paper street. Also available are the adjoining two properties to the south consisting of approximately 1.2+/- acres and 1.4 acres for an additional amount. These two available lots combined total of approximately 2.8+/- acres of vacant land or approximately 5 +/- acres with all three lots combined including the paper streets with a combined frontage of approximately 638'.

Located on the East side of Transit Road between Losson Road and Como Park Boulevard. Approximately 1/4 mile North of Walmart Super Center, several national restaurants, banks, Tops Super Market, Wegmans, Rite Aid, Aldi Foods, Kohls, Target, Denny's, Taco Bell, Wendy's, McDonalds, Applebee's and more.

Lot Size: 2.32 acres


Documents

Sale Brochure

Map of 5059 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.