Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2540 South Park Avenue Lackawanna, NY 14218

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $650,000

    Fully operational gas station and convenience store in Lackawanna, NY.

    Type:Gas Station/Convenience Store
    Added:
    Nov 25, 2025
    Days on Market:
    127
    Last Refresh:
    Mar 29 at 11:41 pm

    Property Features for 2540 South Park Avenue

    General Information

    Standard status
    Active
    Property subtype
    Gas Station/Convenience Store

    We can help!

    Listing Contact
    Rick Recckio
    Rick Recckio

    Listing agent Rick Recckio License #NY #31RE0821429

    Listing office Recckio Real Estate & Development

    Listing date Nov 25, 2025

    Source Recckio

    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 Recckio Real Estate & Development

    Overview

    Remodeled Gas Station C-Store

    This gas station and convenience store, remodeled in 2014, offers an opportunity for investors or entrepreneurs in the fuel retail market. The property features 1,920+/- SF of retail and storage space, including two full walls of energy-efficient coolers. It includes an ATM, air pump, and vacuum. The gas station is equipped with 4 gas pumps serviced by 3 fiberglass tanks. The spacious lot provides approximately 20 parking spaces for customers. Located on South Park Ave, the property benefits from significant daily traffic and easy access to major highways and public transportation. The location is near the Lackawanna Steel Museum, Botanical Gardens, and the Buffalo and Erie County Botanical Gardens, with convenient access to dining, retail, and entertainment options. The business has a loyal customer base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Western Union Bank Mobil Gas Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lackawanna
    County
    Erie
    State
    New York
    Longitude
    -78.8236
    Latitude
    42.8308

    Nearby Similar for Sale

    • $449,900
      1,770 SF

      Turn-Key Auto Repair Business

      Established auto repair business for sale with equipment and land.
      2230 Abbott Rd, Lackawanna, NY 14218
      View Details
    • $119,999
      1,554 SF

      Lackawanna Multi-Unit Investment Property

      Multi-unit property in Lackawanna, NY with high rental potential.
      15 Monroe Street, Lackawanna, NY 14218
      View Details
    • Contact for pricing

      Lackawanna Office Space Available

      9,800 SF facility with 1,000 SF space for lease.
      2719 South Park Avenue , Lackawanna, NY 14218
      View Details
    • $174,900

      All Brick Lackawanna Duplex

      All brick 3/3 duplex with garage and basement.
      208 W Elmview Ave, Lackawanna, NY 14218
      View Details
    • $1,398,000
      16,823 SF

      Fully Rented Lackawanna Multifamily Investment

      Fourteen-unit, fully rented multifamily property with income upside.
      18-22 Maple Grove Ave & 128 Colton Ave, Lackawanna, NY 14218
      View Details
    • Contact for pricing

      Profitable Retail Store Investment Opportunity

      Operating cash for cans retail store with long-term lease.
      1785 Abbott Road, Lackawanna, NY 14218
      View Details
    • $179,900

      Turn-Key Restaurant Opportunity

      Restaurant ready for business with equipment and parking included.
      1125 Ridge Road, Lackawanna, NY 14218
      View Details
    • Contact for pricing

      Turn-Key Restaurant with Apartments

      Profitable restaurant with two apartments, equipment, and goodwill included.
      1769 Abbott Road, Lackawanna, NY 14218
      View Details
    • $425,000
      5,914 SF

      Turnkey Restaurant Opportunity

      Fully equipped restaurant for sale in Lackawanna, NY.
      3167 South Park Ave, Lackawanna, NY 14218
      View Details
    • $7,000,000
      253,000 SF

      Lackawanna Industrial Manufacturing Facility

      30-acre industrial property with manufacturing plant and development potential.
      300 Commerce Dr, Lackawanna, NY 14218
      View Details

    FAQs

    What type of property is this?
    Gas station - Fully operational gas station and convenience store in Lackawanna, NY.
    Where is this gas station located?
    The property is located at 2540 South Park Avenue Lackawanna, NY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime location on busy South Park Ave. with high traffic flow.; Fully operational gas station and convenience store.; Four gas pumps serviced by three fiberglass tanks.
    (716) 998-4422
    We can help!
    Listing Contact
    Rick Recckio
    Rick Recckio
    Real Estate License ID: NY #31RE0821429
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!