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1849 Abbott Rd 2,500 SF Retail Building Lackawanna, NY 14218 $760,864 CAD ($304.35 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$7,757
|
$3.10
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,757
|
$3.10
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $7,757 |
| Annual Per SF | $3.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,757 |
| Annual Per SF | $3.10 |
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
$760,864 CAD
Price Per SF
$304.35 CAD
Cap Rate
10.91%
NOI
$83,003 CAD
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 | $280,190 CAD |
| Land Assessment | $52,536 CAD | Annual Taxes | $7,757 CAD ($3.10 CAD/SF) |
| Improvements Assessment | $227,654 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
140900-142-200-0003-004-100
Land Assessment
$52,536 CAD
Improvements Assessment
$227,654 CAD
Total Assessment
$280,190 CAD
Annual Taxes
$7,757 CAD ($3.10 CAD/SF)
Tax Year
2024
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1849 Abbott Rd
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