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1849 Abbott Rd 2,500 SF Retail Building Lackawanna, NY 14218 $550,000 ($220/SF) 10.91% Cap Rate
INVESTMENT HIGHLIGHTS
- High visibility
- Prime corner location
EXECUTIVE SUMMARY
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
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
Top 10 lottery seller in Erie County
Building was overhauled and rebuilt in 2021.
This turnkey investment offers a strong income stream with a high-traffic location and
consistent demand. When you purchase this property the business comes with it!
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
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
Top 10 lottery seller in Erie County
Building was overhauled and rebuilt in 2021.
This turnkey investment offers a strong income stream with a high-traffic location and
consistent demand. When you purchase this property the business comes with it!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$5,607
|
$2.24
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,607
|
$2.24
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $5,607 |
| Annual Per SF | $2.24 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,607 |
| Annual Per SF | $2.24 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1969/2021
Price
$550,000
Price Per SF
$220
Cap Rate
10.91%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.27 AC
Zoning
NC
Frontage
93’ on Abbott Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Abbott Convenience Food Mart
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Abbott Convenience Food Mart | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 140900-142-200-0003-004-100 | Total Assessment | $200,000 |
| Land Assessment | $37,500 | Annual Taxes | $5,607 ($2.24/SF) |
| Improvements Assessment | $162,500 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
140900-142-200-0003-004-100
Land Assessment
$37,500
Improvements Assessment
$162,500
Total Assessment
$200,000
Annual Taxes
$5,607 ($2.24/SF)
Tax Year
2024
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1849 Abbott Rd
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