Mixed-Use Building with
For Sale
Contact for pricing
2739A S Park Avenue, Lackawanna, NY 14218
Two commercial areas offer storefront, office, workspace, salon, service, and storage possibilities with shared access features.
Property Size577 SF
Price / SF$1.38
Days on Market50
Property Features for 2739A S Park Avenue
General Information
Standard status
Active
Size
577 SF
Amenities
Shared bathroom
24/7 access
Listing Agency:
Adco Properties Inc.
Listed By:
Michael R Adolf Jr
(716) 631-0555
Source:
Nicholcityrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 8:28AM
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 Adco Properties Inc.
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Investment Insights
Based on property information with market context.
This established mixed-use building includes apartments above two commercial areas. The front suite at 2739A provides 577 square feet of storefront space, while the rear 2739B area contains 477 square feet for office, workspace, or storage use. The spaces may function independently or together, creating approximately 1,054 square feet of commercial area. A shared bathroom serves both spaces, with 24/7 access available.
The property occupies the corner of Ridge Rd and South Park Ave in Lackawanna, across from Our Lady of Victory Basilica and minutes from Buffalo and major routes. A large parking lot and convenient access support daily business operations. The configuration accommodates a range of commercial uses, including retail, office, salon, and service-oriented businesses.
The property occupies the corner of Ridge Rd and South Park Ave in Lackawanna, across from Our Lady of Victory Basilica and minutes from Buffalo and major routes. A large parking lot and convenient access support daily business operations. The configuration accommodates a range of commercial uses, including retail, office, salon, and service-oriented businesses.
Key Highlights
- Approximately 1,054 sq ft when both commercial areas are combined
- 577 sq ft storefront at 2739A with direct street exposure
- 477 sq ft rear area at 2739B for office, workspace, or storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,620
Suggested Prices Based on Cap Rates
Cap Rate 5%
$112,400
$112.4K
Cap Rate 7%
$80,286
$80.3K
Cap Rate 9%
$62,444
$62.4K
Market Conditions
NOI Build-Up for 577 SF
Gross rent
$9.0K $15.60/SF
− Vacancy
−$972 −$1.68/SF
EGI
$8.0K $13.92/SF
− OpEx
−$2.4K −$4.17/SF
NOI
$5.6K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$112,400
Cap Rate 7%
$80,286
Cap Rate 9%
$62,444
Alternative Uses
Best Use
Office B
$102.8K
$89.9K – $119.9K
NOI $7,195 @ 7.0% cap · market cap 905.03%
Second Best
Mixed Use
$89.0K
$77.9K – $103.9K
NOI $6,232 @ 7.0% cap · market cap 783.90%
Theoretical Best
Office A
$138.8K
$121.4K – $161.9K
NOI $9,713 @ 7.0% cap · market cap 1,221.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial areas offer storefront, office, workspace, salon, service, and storage possibilities with shared access features.
Where is this mixed-use property located?
The property is located at 2739A S Park Avenue Lackawanna, NY.
What are key features of this property?
This property features: Approximately 1,054 sq ft when both commercial areas are combined; 577 sq ft storefront at 2739A with direct street exposure; 477 sq ft rear area at 2739B for office, workspace, or storage
