Corner Automotive Retail
For Sale
$349,900
Pending
1486 Abbott Rd, Lackawanna, NY 14218
Front retail storefront with four rear bays, zoned automotive/commercial, offering flexible space for auto and related services.
Property Size3,600 SF
Lot Size0.42 Acres
Days on Market453
Property Features for 1486 Abbott Rd
General Information
Standard status
Pending
Size
3,600 SF
Lot size
0.42 Acres
Zoning
AUTOMOTIVE/COMMERCIAL
Additional Details
Service Bays
4
Taxes and HOA fees
Annual Taxes
$8,168
Listing Agency:
Chubb-Aubrey Leonard Real Estate
(716) 908-9117
Listed By:
Daniel Kieffer · License #30KI0830797
(716) 908-9117
Source:
Exprealty
Added: Jun 6, 2025
Changed: Aug 20
Last Checked: Aug 30 at 10:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chubb-Aubrey Leonard Real Estate
Investment Insights
Based on property information with market context.
This corner automotive property combines a front retail/storefront area with four rear bays, designed for vehicle service and related operations. The building also includes ample storage and/or office space to support daily workflow, inventory, and administration.
The site is zoned automotive/commercial and is positioned for visibility and access in a highly sought-after area of Lackawanna, at the corner of Abbott and Greenwood. Vehicle-bay access is provided from Greenwood, supporting practical ingress and egress for customers and service vehicles. The offering includes options tied to lot configurations, including the 42 x 152' lot or the 42 x 152' lot plus an adjacent 120 x 152' lot (Tax ID 140900-142-120-0005-027-100).
The layout should appeal to buyers looking to operate an automotive service business while maintaining a customer-facing retail presence at the front. With storage and additional office space included, it can also work for enterprises needing space to stage equipment or manage operations on-site.
The site is zoned automotive/commercial and is positioned for visibility and access in a highly sought-after area of Lackawanna, at the corner of Abbott and Greenwood. Vehicle-bay access is provided from Greenwood, supporting practical ingress and egress for customers and service vehicles. The offering includes options tied to lot configurations, including the 42 x 152' lot or the 42 x 152' lot plus an adjacent 120 x 152' lot (Tax ID 140900-142-120-0005-027-100).
The layout should appeal to buyers looking to operate an automotive service business while maintaining a customer-facing retail presence at the front. With storage and additional office space included, it can also work for enterprises needing space to stage equipment or manage operations on-site.
Key Highlights
- Corner property at the intersection of Abbott and Greenwood, zoned automotive/commercial
- Front retail/storefront with four rear bays accessed from Greenwood
- Building offers storage and/or office area in addition to the storefront and bays
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,320
$504.3K
Cap Rate 7%
$360,229
$360.2K
Cap Rate 9%
$280,178
$280.2K
Market Conditions
NOI Build-Up for 3,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.7K $10.20/SF
− Vacancy
−$698 −$0.19/SF
EGI
$36.0K $10.01/SF
− OpEx
−$10.8K −$3.00/SF
NOI
$25.2K $7.00/SF
Area
Buffalo, NY
Vacancy
1.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,320
Cap Rate 7%
$360,229
Cap Rate 9%
$280,178
Alternative Uses
Best Use
Retail
$500.9K
$438.3K – $584.4K
NOI $35,066 @ 7.0% cap · market cap 10.02%
Second Best
Industrial
$360.2K
$315.2K – $420.3K
NOI $25,216 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$865.7K
$757.5K – $1.01M
NOI $60,601 @ 7.0% cap · market cap 17.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14218, NY
20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,578
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Brian's Automotive — 1770 Abbott Rd, Buffalo, NY 14218
- Abbott Radiator & Auto — 1700 Abbott Rd, Lackawanna, NY 14218
- Elmo's Towing LLC
- Napa Autocare Collision Center — 1639 Abbott Rd, Buffalo, NY 14218
- Abbott Motors — 1645 Abbott Rd, Lackawanna, NY 14218
Frequently Asked Questions
What type of property is this?
Auto shop - Front retail storefront with four rear bays, zoned automotive/commercial, offering flexible space for auto and related services.
Where is this auto shop located?
The property is located at 1486 Abbott Rd Lackawanna, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Corner property at the intersection of Abbott and Greenwood, zoned automotive/commercial; Front retail/storefront with four rear bays accessed from Greenwood; Building offers storage and/or office area in addition to the storefront and bays
