561 Ridge RdLackawanna, NY 14218

For Sale
$245,000

Nine-office building, high-income potential. Renovated, great location.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a 5,721 square foot office building situated on a 0.21-acre lot at 561 Ridge Rd, Lackawanna, NY. The property boasts nine professional offices on the first floor, conveniently equipped with three bathrooms and a kitchenette. Currently generating income, this building offers immediate return on investment. The second floor presents a significant value-add opportunity for expansion or further development. The basement has been recently renovated, adding to the overall functionality and appeal. A new HVAC system ensures efficient climate control throughout the building. Ample parking is available with 10+ spaces, plus additional garage space. The property's location within the Central Business District zoning area provides excellent access to amenities and services. Its proximity to downtown Buffalo, less than 10 minutes away, further enhances its desirability and accessibility. This is a rare chance to acquire a well-maintained, income-producing office building with significant upside potential in a thriving location. The combination of existing income, renovation updates, and strategic location makes this an attractive investment for discerning buyers.

Property Details for 561 Ridge Rd

Property type
Office properties, Other office properties
Square Feet
5,721 SF
Year Built
1938
Lot Size (sq. ft)
9,148 SF

Location Insight

City
Lackawanna
County
Erie
State
New York
Latitude
42.8255
Longitude
-78.83083
561 Ridge Rd, Lackawanna, New York

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561 Ridge Rd
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