50 Leo Pl Lackawanna, NY 14218
This exceptional mixed-use property presents a unique investment opportunity in the thriving heart of Lackawanna, New York. Situated on a generous 0.18-acre lot (139 x 59 feet, totaling 8,033 square feet), the property features a substantial 1,682 square foot garage with four bays. Its strategic location near the intersection of Ridge Road and South Park Avenue offers unparalleled accessibility and visibility, making it ideal for a variety of commercial ventures. The expansive lot provides ample space for expansion, additional parking, or outdoor storage, further enhancing its versatility. The property's existing structure, a well-maintained four-bay garage, offers immediate income potential or the foundation for a creative redevelopment project. Given its size and location, this property is well-suited for a range of uses, from automotive repair and storage to light industrial or even potential conversion into retail or office space, subject to local zoning regulations. The possibilities are numerous, making this a truly compelling investment prospect in a dynamic and growing community. The asking price of $169,900 represents a significant value for a property with such potential in this desirable location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & 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.