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1849 Abbott Rd Lackawanna, NY 14218

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For Sale
$550,000

2,500 SF retail property with high visibility and accessibility.

Property size:
2,500 SF
Lot size:
0.28 Acres

Property Features for 1849 Abbott Rd

General Information

Standard status
Active
Size
2,500 SF
Lot size
0.28 Acres

Building Details

Year built
1969

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Listing Contact
Colby D Garza
Colby D Garza
Source: Exitrealty

Listing Agency: HUNT Commercial Real Estate Corp. of Buffalo New York Listing Agent: Colby D Garza

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

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Overview

Retail Property in High-Traffic Location

This 2,500 SF general retail property at 1849 Abbott Rd presents an exceptional investment opportunity. The building, ideal for a convenience store or retail business, was overhauled and rebuilt in 2021, with only two side walls and the back wall remaining after demolition. The rebuild included a new front, doors, and windows, a new roof, new coolers with a long warranty, new HVAC, new plumbing and electrical work, and new floor and tiles. The property also features new lights, a new light-up sign in front, a large light-up billboard with a letter box underneath, new cabinets, shelves, a register, and counters, as well as new driveway painting and car stops. Situated in a high-traffic location with excellent visibility and accessibility, the property is positioned near a dense residential and commercial area, approximately 0.3 miles from I-90. It benefits from steady traffic exposure, with 45,721 daily vehicles at nearby intersections and 47,612 vehicles daily on I-90 (Southern Expressway).
Location Intelligence

Current Use by Public Records

Cardtronics Atm Shop-N-Go Grocery & Convenience Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

Location Insight

  • Map
  • Local Demand
City
Lackawanna
County
Erie
State
New York
Longitude
-78.8007183
Latitude
42.8143753

FAQs

What type of property is this?
Grocery and convenience store - 2,500 SF retail property with high visibility and accessibility.
Where is this grocery and convenience store located?
The property is located at 1849 Abbott Rd Lackawanna, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: - High-traffic location ensures excellent visibility and customer flow.; - Substantial renovation in 2021, essentially a new building with new front, doors, windows, roof, plumbing, and electrical systems.; - Strong income-producing potential with a 7.39% cap rate.
More about this property
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