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    50 Leo Pl Lackawanna, NY 14218

    Sponsored
    For Sale
    $169,900

    Spacious garage, prime Lackawanna location, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property presents a unique investment opportunity in the thriving heart of Lackawanna, New York. Situated on a generous 0.18-acre lot (139 x 59 feet, totaling 8,033 square feet), the property features a substantial 1,682 square foot garage with four bays. Its strategic location near the intersection of Ridge Road and South Park Avenue offers unparalleled accessibility and visibility, making it ideal for a variety of commercial ventures. The expansive lot provides ample space for expansion, additional parking, or outdoor storage, further enhancing its versatility. The property's existing structure, a well-maintained four-bay garage, offers immediate income potential or the foundation for a creative redevelopment project. Given its size and location, this property is well-suited for a range of uses, from automotive repair and storage to light industrial or even potential conversion into retail or office space, subject to local zoning regulations. The possibilities are numerous, making this a truly compelling investment prospect in a dynamic and growing community. The asking price of $169,900 represents a significant value for a property with such potential in this desirable location. Serious inquiries are encouraged.

    Property Features for 50 Leo Pl

    General Information

    Property type
    Mixed-use properties
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1910
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -78.8246
    Latitude
    42.82363

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious garage, prime Lackawanna location, high potential.
    Where is this mixed-use property located?
    The property is located at 50 Leo Pl Lackawanna, NY.
    What is the asking price?
    The asking price for this property is $169,900.
    (716) 875-2211
    Request Owner's contact information
    50 Leo Pl 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
    50 Leo Pl Lackawanna, NY 14218
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