Mixed-Use Bar and Apartment
For Sale
Contact for pricing
715 Ridge Rd, Lackawanna, NY 14218
Mixed-use property with a fully equipped bar and two renovated 3-bedroom apartments on a double lot.
Property SizeContact for details
Days on Market121
Property Features for 715 Ridge Rd
General Information
Standard status
Active
Property subtype
Retail, Office, Mixed Use
Listing Agency:
Grimaldi Commercial Realty Corp
(813) 882-0884
Listed By:
Kari Lynn Grimaldi · License #FL BK3076744
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 23 at 12:41AM
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 Grimaldi Commercial Realty Corp
Investment Insights
Based on property information with market context.
715 Ridge Rd offers a mixed-use setup featuring a fully equipped, turn-key bar plus two renovated 3-bedroom apartments. The property includes a full dry basement with on-site laundry. The bar area is supported by 22 taps (16 air-cooled) and a new glycol system, along with updated electric, 22 new windows, and new HVAC installed in 2022. Exterior updates include a brand-new outdoor patio, with the seller committed to completing facade painting and additional exterior improvements.
The property is described as being in the heart of Lackawanna, just steps from the South Park Avenue corridor. Public remarks also describe the site as being in a high-traffic area with excellent visibility and accessibility, surrounded by a mix of established businesses and residential neighborhoods.
Per the seller’s remarks, the bar generates $2,000 per month in passive income from NY Lotto Quick Draw and can be leased for $3,500 per month or operated for higher returns. The two apartments are currently rented at $1,500 per month each, with stated potential to increase to $1,850 per month each.
The property is described as being in the heart of Lackawanna, just steps from the South Park Avenue corridor. Public remarks also describe the site as being in a high-traffic area with excellent visibility and accessibility, surrounded by a mix of established businesses and residential neighborhoods.
Per the seller’s remarks, the bar generates $2,000 per month in passive income from NY Lotto Quick Draw and can be leased for $3,500 per month or operated for higher returns. The two apartments are currently rented at $1,500 per month each, with stated potential to increase to $1,850 per month each.
Key Highlights
- Mixed‑use property on a double lot with a fully equipped bar plus two renovated 3‑bedroom apartments
- Bar features 22 taps (16 air‑cooled) with a new glycol system, plus updated electric and 22 new windows
- New HVAC (2022) and brand‑new outdoor patio
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
403
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 Multifamily in Northeast region
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Similar Off Market Nearby
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- The Pour House Sports Bar of Lackawanna — 2847 South Park Ave, Lackawanna, NY 14218
- Cagneys Too — 1254 Electric Ave, Lackawanna, NY 14218
- Ice House Pub — 715 Ridge Rd, Lackawanna, NY 14218
Frequently Asked Questions
What type of property is this?
Bar & Pub - Mixed-use property with a fully equipped bar and two renovated 3-bedroom apartments on a double lot.
Where is this bar & pub located?
The property is located at 715 Ridge Rd Lackawanna, NY.
What are key features of this property?
This property features: Mixed‑use property on a double lot with a fully equipped bar plus two renovated 3‑bedroom apartments; Bar features 22 taps (16 air‑cooled) with a new glycol system, plus updated electric and 22 new windows; New HVAC (2022) and brand‑new outdoor patio
