Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
NC · Buffalo, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for NC in Buffalo, NY.
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Find the owner behind the property.
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