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561 Ridge Rd Lackawanna, NY 14218

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For Sale
$245,000

Nine-office building, high-income potential. Renovated, great location.

Property size:
5,721 SF

Property Features for 561 Ridge Rd

General Information

Property type
Office Properties & Spaces
Square Feet
5,721 SF
Lot Size
9,148 SF

Building Details

Year Built
1938

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Listing Contact
Richard Wadsworth
Richard Wadsworth

Listing Agency: Hanna Commercial Real Estate Buffalo Listing Agent: Richard Wadsworth

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 5,721 square foot office building situated on a 0.21-acre lot at 561 Ridge Rd, Lackawanna, NY. The property boasts nine professional offices on the first floor, conveniently equipped with three bathrooms and a kitchenette. Currently generating income, this building offers immediate return on investment. The second floor presents a significant value-add opportunity for expansion or further development. The basement has been recently renovated, adding to the overall functionality and appeal. A new HVAC system ensures efficient climate control throughout the building. Ample parking is available with 10+ spaces, plus additional garage space. The property's location within the Central Business District zoning area provides excellent access to amenities and services. Its proximity to downtown Buffalo, less than 10 minutes away, further enhances its desirability and accessibility. This is a rare chance to acquire a well-maintained, income-producing office building with significant upside potential in a thriving location. The combination of existing income, renovation updates, and strategic location makes this an attractive investment for discerning buyers.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Frank Bybel Law ... Law Firm Jason Shear Law Consultant Dr. Leo Michalek Physician Law Offices Law Firm

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Lackawanna
County
Erie
State
New York
Longitude
-78.83083
Latitude
42.8255

FAQs

What type of property is this?
Office Property / Space - Nine-office building, high-income potential. Renovated, great location.
Where is this office property / space located?
The property is located at 561 Ridge Rd Lackawanna, NY.
What is the asking price?
The asking price for this property is $245,000.
More about this property
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