954 Ridge RdLackawanna, NY 14218

Property Details for 954 Ridge Rd

Year built

2007

Lot size

0.85 AC

Property size (Sq ft)

5,500 SF

Zone code

NC

Property type

Retail space

APN

140900 142.32-2-6.2

APU

14090014232262

Description

This exceptional 5,563 square foot retail property located at 954 Ridge Rd, Lackawanna, NY 14218, presents a unique investment opportunity. Currently configured as a multi-tenant strip center, this property offers 4,164 square feet of immediately available space. The building sits on a 0.64-acre lot and provides 35 convenient parking spaces for customers and employees. Its prime location ensures high visibility and easy access for customers, making it ideal for a variety of retail businesses. The property boasts a well-maintained exterior with expansive windows, creating excellent curb appeal and showcasing the spacious interior. The existing layout offers flexibility for customization to suit individual business needs. Its strategic location in Lackawanna, NY offers convenient access to major roadways, connecting your business to a wider customer base within a thriving local community. This property represents a rare chance to establish or expand your business in a highly desirable and accessible location, poised for significant growth and success. The ample parking and high visibility make this an attractive option for businesses seeking a strong presence in the Lackawanna market. Don't miss this opportunity to secure a prime retail space in a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,466,649

  6.5%

  $1,353,830

  7%

  $1,257,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,325,990

  Geo Method

  $871,933

• Alternative Use

  Use

  Valuation

  Residential

  $1,142,006

  Hospitality

  $1,046,072

  Educational

  $870,319

  Medical

  $900,251

  Retail

  $1,353,830

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8278

Longitude

-78.8162

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].