3167 South Park Ave Lackawanna, NY 14218
This exceptional turnkey opportunity presents a fully operational and recently remodeled bar and restaurant located at 3167 South Park Ave, Lackawanna, NY 14218. The 5,914 square foot, two-story building boasts a stylish and modern interior, featuring a spacious dining area with ample seating, a large and inviting bar perfect for socializing, and a fully equipped, modern kitchen. Additional amenities include a newly remodeled international coffee bar and restrooms. The property also includes a large, functional kitchen with updated appliances, substantial cooler and freezer space, and ample storage for dry goods. A significant advantage is the large paved parking lot, complemented by an adjacent overflow parking area, ensuring convenient customer and employee parking. Further enhancing the investment potential is a second-floor apartment, offering an additional revenue stream. The property is zoned as a Neighborhood Tavern and is currently operating at 100% occupancy. This well-maintained Class B retail property is priced at $499,000 ($84.38/sq ft) and represents a strong investment opportunity in a prime Lackawanna location. The owner's retirement sale makes this a truly unique opportunity that is priced to sell quickly. Don't miss out on this exceptional chance to acquire a thriving business in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NC · Buffalo, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.