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    2839 Park Ave Lackawanna, NY 14218

    Sponsored
    For Sale
    $299,000

    Established automotive shop, prime location, high growth area.

    Property size:
    4,620 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property presents a unique investment opportunity in the thriving city of Lackawanna, New York. Located at 2839 S Park Ave, this 4,620 square foot building sits on a 0.23-acre lot, offering ample space for a variety of commercial ventures. The property boasts a rich history as a successful automotive shop for over 60 years, providing a solid foundation for continued success. Its strategic location directly across the street from the City of Lackawanna's substantial $18.5 million City Hall project positions it perfectly to benefit from increased foot traffic, visibility, and the overall revitalization of the area. The building itself is well-maintained and ready for immediate occupancy, offering significant potential for a new owner to establish or expand their business. The substantial square footage allows for diverse uses, making it an attractive option for various commercial enterprises. This is a rare opportunity to acquire a well-established property in a rapidly developing location, offering both immediate returns and long-term growth potential. The combination of history, location, and size makes this a truly exceptional commercial property. The asking price is $299,000.

    Property Features for 2839 Park Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,620 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1945
    Property Profile Location Intelligence

    Current Use by Public Records

    Guarino's Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lackawanna
    County
    Erie
    State
    New York
    Longitude
    -78.82438
    Latitude
    42.82265

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    FAQs

    What type of property is this?
    Commercial real estate - Established automotive shop, prime location, high growth area.
    Where is this commercial real estate located?
    The property is located at 2839 Park Ave Lackawanna, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    (716) 465-1361
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    2839 Park Ave Lackawanna, NY 14218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2839 Park Ave Lackawanna, NY 14218
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