Wow! I listed a property in the MLS via a flat fee listing service (housepad.com). The flat fee services are a post on their own, for this post, I wanted to discuss the very active market that we are seeing.
The listing went into the ML on 3/24. This project turned out very well and has a fantastic location. The property for sale is at 30 Lombardy St, Lancaster, NY. We have an asking price of $154,900 which compares favorably to other properties in Lancaster that are on the market. There are couple of other renovations within a mile that are in the $169,000 – $180,000 range. This is a complete renovation that we started last spring. We were going to try to knock it out quickly but decided to take our time and bring it to market in the spring once it was clear that we would miss an August / September date.
In the first 3 days of the listing we had 7 showings with 2 more scheduled. The feedback has been terrific and we have received multiple offers (verbal at this point, paperwork in process). What surprised me is the level of activity given my perception of the mortgage market. I suppose that there is always a qualified buyer. Whether it be a cash buyer, or a well qualified buyer with a mortgage from one of the local banks.
In any case, we will be selling this terrific renovation at a fair price to someone who is looking to be in the Village of Lancaster. More than half of the showings are from those who stated that they absolutely want to be in this part of the village.
Over the past few years, as a commercial property owner in Lancaster NY, we have received many calls from small business owners and looking for a small and cheap office space. Often times, smaller space can be hard to find. Realtors won’t list the properties since there isn’t enough money in it for them to bother. Small property owners aren’t sure how to get it out there other than Craigslist. If you are familiar with the Commercial Real Estate section on Craigslist, you will know how quickly your property gets pushed down the list. Without a manual intervention to move it back up, your office space listing is hardly noticed.
I finally decided to set aside some time to create a web site dedicated to Office Space in WNY. You can find the site at:
For the time being, we are offering free listings of your commercial property. You can purchase a featured listing for $10 per month.
WNY Office Space
Every user will have an account control panel to manage their listings and their listing agent profile. In fact, I would encourage you to list your property if it is occupied, but coming up for lease in the near future. We will be creating a property alert system for users so that they can be notified when a property becomes available.
Feel free to use the contact form at http://www.wnyofficespace.com/contact/ to ask questions or request features.
Looking for office space in the Buffalo area? We have a terrific location in Lancaster, NY that is perfect for 1 – 3 people. The office is a nice size at 14 x 22 and can come furnished with 2 desks.
Office for Rent
This office is clean and bright and located on the 2nd floor. The building is a professional office space that currently houses an insurance office, accountant, lawyer and payment processing business.
All utilities are included in the monthly rent payment of $385. Central A/C is included.
- Free Internet service
- All utilities included
- No common area fees
- Ample parking (off street)
The office is located at 3725 Walden Avenue in Lancaster NY. This is a terrific suburban location with high traffic counts in a growing area.
Click to inquire about the Office for Rent
A friend of mine just completed a renovation of a commercial office building in Wheatfield NY. The building is located on Lockport Road near the Bell Aerospace property. If you are a growing business seeking new space, this is a great building with room to grow. This office space could be ideal for professional services (accounting/insurance/legal), collection agency, or executive offices.
It is tough to beat the price per square foot for a building of this size (4,416) that is renovated/updated and in a suburban location.
- 4,416 Sq Ft
- Reception area
- Conference room (large)
- Interior is freshly appointed
- Multiple offices
- Suitable for 1-3 tenants or owner occupant
- Large basement with high ceilings
- Ample parking
- Well trafficked area
Take a look:
Wheatfield, NY commercial office building for sale
Office building for sale in Wheatfield, NY
http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=16658348
It is a little strange when you see the first home that you owned come up for sale. My wife and I purchased this house in 1997 and moved from here in early 2003. It was a great old house (built in 1920) and had a lot of space.
This house still feels like “our” house even though the current resident has lived there for longer that my wife and I (and our son for a short while). I suppose when you put a lot of work into a property, you will always feel a connection to it. We did a bit of renovation and a lot of painting (in and out). In fact, most of the paint colors we used remain. The stencils that my wife spent weeks painting as a living room border are still there.
For anyone looking for a home in the Village of Lancaster with a ton of craftsman charm and some classic features, take a look at 30 Park Blvd, Lancaster, NY. Not a Buffalo real estate bargain, but a nice home on one of the best streets in the Village of Lancaster.
30 Park Blvd, Lancaster, NY
For those of you looking to jump into the investment property game, consider this duplex in Lancaster (Depew, actually). This is on a street that is almost all multi-family homes. It is a couple of blocks in from Transit road and would be a great purchase for someone looking to get out of a rental.
At $94,900 this property is priced to move. In fact, if you live in one unit and rent out the other, you could cut your monthly living expenses down to just a few hundred per month. Take a look for yourself before it is gone:
161 Argus Dr, Lancaster, NY
Duplex with 3 bedrooms in each unit
Duplex for sale in Lancaster NY
