Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Property profile & analytics

2839 Park Ave Lackawanna, NY 14218

  • Auto shops
  • 4,620 SF
  • 0.23 lot acres
Value Estimation
Location Intelligence
Property ID
US63-2255428
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Guarino's / Auto Repair Shop

Property Details for 2839 Park Ave

Year built
1945
Lot size
0.23 lot acres
Property size
4,620 SF
Zone code
NC
Property type
Auto shops
APN
140900 142.46-8-14.1
APU
140900142468141

Description

This exceptional commercial property presents a unique investment opportunity in the thriving city of Lackawanna, New York. Located at 2839 S Park Ave, this 4,620 square foot building sits on a 0.23-acre lot, offering ample space for a variety of commercial ventures. The property boasts a rich history as a successful automotive shop for over 60 years, providing a solid foundation for continued success. Its strategic location directly across the street from the City of Lackawanna's substantial $18.5 million City Hall project positions it perfectly to benefit from increased foot traffic, visibility, and the overall revitalization of the area. The building itself is well-maintained and ready for immediate occupancy, offering significant potential for a new owner to establish or expand their business. The substantial square footage allows for diverse uses, making it an attractive option for various commercial enterprises. This is a rare opportunity to acquire a well-established property in a rapidly developing location, offering both immediate returns and long-term growth potential. The combination of history, location, and size makes this a truly exceptional commercial property. The asking price is $299,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $295,000
    6.5%
    $285,000
    7%
    $295,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $310,000
    Geo Method
    $295,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $290,000
    Retail
    $330,000
    Mixed-Use
    $240,000
    Hospitality
    $280,000
    Educational
    $245,000
    Residential Income
    $335,000
    Energy
    $250,000
    Income-Based Land
    $310,000
    Food Service
    $310,000

Location Insight

  • Map
  • Local Demand
City
Buffalo
County
Erie
State
New York
Longitude
-78.8244
Latitude
42.8226
CBSA code
15380
CBSA name
BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$60,800
$124,200
$185,000
-
$76,970
$157,230
$234,200
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