Lackawanna, NY 14218 1849 Abbott Road

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Presented By: Colby D Garza with HUNT Commercial Real Estate Corp. of Buffalo New York;
  • MLS# B1588116
  • 02/10/2025
  • Request Tour
  • Request Info
  • SQFT • 2,500

Home Details

For Sale: $550,000 Seize this exceptional investment opportunity at 1849 Abbott Rd, a 2,500 SF general retail property in a high-traffic location with excellent visibility and accessibility. Positioned just 0.3 miles from I-90, this property offers steady traffic exposure, making it an ideal income- producing asset. Investment Highlights: Price: $550,000 Cap Rate: 7.39% Building Size: 2,500 SF Building Type: General Retail Ideal Use: Convenience Store or Retail Business Traffic Count: 45,721 daily vehicles at nearby intersections 47,612 vehicles daily on I-90 (Southern Expressway) High Visibility & Accessibility: Prime corner location near a dense residential and commercial area The building was overhauled and rebuilt in 2021. Only the 2 side walls and back wall remained standing after the demolition.   New front, doors, and windows  New roof New coolers (very expensive) with long warranty New HVAC  New plumbing and electrical work New floor and tiles Nothing re-used from old store New lights New lightup sign in front of the store and large lightup billboard with letter box underneath. New cabinets, shelves, register, and counters.  New driveway painting and car stops
Presented By: Colby D Garza with HUNT Commercial Real Estate Corp. of Buffalo New York;

Interior Features for 1849 Abbott Road

Bathrooms

Main Level Bathrooms0
Total Baths

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Total Fireplaces
Total Stories1

General for 1849 Abbott Road

Business TypeGrocery
CityLackawanna
Construction MaterialsOther
CoolingCentralAir
CountyErie
DirectionsAbbott Road near Martin Road
Elementary School DistrictLackawanna
HeatingOther, SeeRemarks, ForcedAir
High School DistrictLackawanna
Lease Considered Y/NNo
LevelsOne
Lot Size Square Feet12000.0
Lot Size UnitsAcres
MLS AreaLackawanna-City-140900
Middle/Junior School DistrictLackawanna
Number Of Units Total1
PossessionCloseOfEscrow
Property ConditionResale
Property Sub Type AdditionalCommercial
Property SubtypeCommercial
Property TypeCommercialSale
RoofOther, SeeRemarks
School DistrictLackawanna
SewerPublicSewer
Standard StatusActive
StatusActive
Stories1
Subdivision NameBuffalo Crk Reservation
Tax Annual Amount5607.0
Tax Assessed Value200000
Tax Lot4
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesSewerConnected, WaterConnected
Year Built1969
Year Built DetailsExisting
Zoning454
Zoning DescriptionCommercial

Exterior for 1849 Abbott Road

Building Area Total2500.0
InclusionsLand and Building
Lot Dimensions80X150
Lot FeaturesIrregularLot
Lot Size Acres0.2755
Lot Size Area0.2755
Number of Buildings1
Total Parking10.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Mark Siwiec

CEO
Price $550,000
MLS#B1588116
List Date 02/10/2025
Property Type Commercial
Phone
Request Tour
Request Info

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