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    300 Commerce Dr Lackawanna, NY 14218

    Sponsored
    For Sale
    $7,000,000

    253,000 SF Warehouse/Manufacturing

    Property size:
    253,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial portfolio in Lackawanna, NY, presents a compelling investment opportunity. Encompassing 30+ acres of light industrially zoned land, the property boasts two buildings totaling 253,000 square feet, constructed in 2000. The site features a fully fenced perimeter and benefits from New York State Empire Development Zone (EDZ) designation. A significant advantage is the presence of an active rail line adjacent to the property, with prior approval for a spur. All utilities are readily available, including high-voltage power (115,000 volts) with the transformer owned by the seller. Building #1 includes extensive office space (7 offices, conference room, large administration area), ample locker rooms with showers, a first-aid room, and a sizable lunchroom with patio access. A second-floor area offers additional conference space, a lab, and a command center with panoramic views. Building #2 specifications are not provided. The property's strategic location, immediately south of the Buffalo Lakeside Commerce Park, offers excellent access to transportation and a thriving industrial market. This turnkey operation presents a rare opportunity to acquire a substantial industrial asset in a prime location. The property's size, amenities, and strategic location make it ideal for a variety of manufacturing and warehousing operations.

    Property Features for 300 Commerce Dr

    General Information

    Property type
    Manufacturing properties
    Square Feet
    253,000 SF
    Lot Size
    1,306,800 SF

    Building Details

    Year Built
    2000
    Buildings
    2

    HighLights

    • $7,000,000 asking price for a 253,000 square foot industrial portfolio.
    • Two‑building industrial property totaling 253,000 square feet, built in 2000.
    • 30‑acre lot zoned Light Industrial and designated as an Empire Development Zone (EDZ) in Lackawanna, NY.
    • Features include a fenced perimeter, rail access (prior approval for spur), and 115,000‑volt primary power.
    • Building amenities include office space, locker rooms, lunchroom, and a second‑floor area with conference rooms and lab space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Used Warehouse Equipment Warehouse US Glove Supply ... Medical Equipment Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lackawanna
    County
    Erie
    State
    New York
    Longitude
    -78.8426459
    Latitude
    42.8310727

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    FAQs

    What type of property is this?
    Manufacturing property - 253,000 SF Warehouse/Manufacturing
    Where is this manufacturing property located?
    The property is located at 300 Commerce Dr Lackawanna, NY.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: $7,000,000 asking price for a 253,000 square foot industrial portfolio.; Two-building industrial property totaling 253,000 square feet, built in 2000.; 30-acre lot zoned Light Industrial and designated as an Empire Development Zone (EDZ) in Lackawanna, NY.
    Request Owner's contact information
    300 Commerce Dr Lackawanna, NY 14218
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    Lackawanna, NY 14218
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    Realmo Value Estimation

    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.

    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.

    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
    300 Commerce Dr Lackawanna, NY 14218
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