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561 Ridge Rd

5,721 SF 50% Leased Office Building Lackawanna, NY 14218 $320,000 ($56/SF)

Investment Highlights

  • 9 Professional offices on 1st floor with 3 bathrooms and kitchenette
  • Renovated basement
  • Currently producing income
  • Professional office space on 1st floor
  • Value Add on the 2nd floor
  • Investment opportunity

Executive Summary

9 Professional offices on 1st floor with 2 bathrooms and kitchenette. Currently producing income. Professional office space on 1st floor.
Renovated basement. Less than 10 minutes to downtown Buffalo. New HVAC System. 10+ parking spaces. Garage space. Zoned Central Business District. Value Add on the 2nd floor. Investment opportunity.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,721 SF
Building Class
C
Year Built
1990
Price
$320,000
Price Per SF
$56
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,861 SF
Building FAR
0.44
Land Acres
0.30 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
10 Spaces (1.75 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
140900 142.37-4-6.1
Land Assessment
$19,200
Improvements Assessment
$130,800
Total Assessment
$150,000
  • Listing ID: 32665425

  • Date on Market: 2/27/2024

  • Last Updated:

  • Address: 561 Ridge Rd, Lackawanna, NY 14218

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