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Investment Highlights
- Solid Construction, Very Well Maintained and Versatile Property
- Great Location on Route 5
- 14,895 sq ft building, on 1.29 acres, 70+ parking
Executive Summary
Location, location, location! Approximately 36,000 vehicles pass this location each day, according to NYSDOT. This approximately 14,000+ square-foot brick building sits on 1.29 acres and has been completely renovated and very well maintained. The property is currently fully leased, with all but one tenant on a month-to-month lease, giving a new owner flexibility depending on their plans. The building features three large vaults currently used as conference rooms and storage. Additional features include parking for up to 70 vehicles, central air, public water and sewer, six bathrooms, a small gym area. Mixed-use/industrial zoning that allows for a variety of possibilities. Whether you are looking for an income-producing investment or a building for your own business, this property is clean, well-cared for and ready for its next owner. Conveniently located on Route 5, just south of the Father Baker Bridge.
Property is currently fully leased, with some tenants on month-to-month agreements. Lease information and financials are available to qualified buyers upon request and signed disclosure. Possible owner financing with a minimum of 20% down, subject to seller approval and acceptable terms. Gym equipment - is not part of the sale as owned by the tenants - may be willing to sell - there are 3 vaults[huge] in the building currently used as conference rooms. Finally - times available for showings after 5 during the week- Saturday and Sunday during the day
Property is currently fully leased, with some tenants on month-to-month agreements. Lease information and financials are available to qualified buyers upon request and signed disclosure. Possible owner financing with a minimum of 20% down, subject to seller approval and acceptable terms. Gym equipment - is not part of the sale as owned by the tenants - may be willing to sell - there are 3 vaults[huge] in the building currently used as conference rooms. Finally - times available for showings after 5 during the week- Saturday and Sunday during the day
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
14,895 SF
Building Class
C
Year Built
1920
Price
$1,700,000
Price Per SF
$114.13
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,448 SF
Slab To Slab
10’
Building FAR
0.27
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
MC/I - In Lackawanna’s zoning system, “MC/1” refers to a Mixed Commercial and Industrial (MCI) zoning district with a 1-unit limit on the number of buildings
Parking
70 Spaces (4.7 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Reception
- Air Conditioning
- Smoke Detector
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 140900-141-200-0001-010-110 | Improvements Assessment | $316,700 |
| Land Assessment | $148,300 | Total Assessment | $465,000 |
Property Taxes
Parcel Number
140900-141-200-0001-010-110
Land Assessment
$148,300
Improvements Assessment
$316,700
Total Assessment
$465,000
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