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2901 S Park Ave 4,680 SF 100% Leased Office Building Lackawanna, NY 14218 $1,037,542 CAD ($221.70 CAD/SF) 4.69% Cap Rate



INVESTMENT HIGHLIGHTS
- Rare newer mixed use building with great traffic counts and private paved parking.
EXECUTIVE SUMMARY
Rare opportunity to own a newer mixed use building in the City of Lackawanna! The spacious, bright front office has high visibility, heavy traffic count, easy access and ample parking, with a total of 9 blacktop spaces serving this property. Very nice heated garage is a real bonus. Residential units come with gas stoves, refrigerators, dishwashers, private entrances, a shared in-building laundry, and share the off street paved parking. Quality custom structure, only 9 years old, and office is occupied by the builder's own company. Enjoy the benefits of the superior upgrades found on this property, including 28 solar panels on the roof that are owned, not leased. Use as currently built, or modify to suit your needs. Don't overlook the money making opportunities here, with current rents totaling over $4600/month. Square footage was obtained directly from the original building plans provided by the Building/Owner. Also listed as multi-family residential use under MLS #B1609341.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,680 SF
Building Class
B
Year Built
2016
Price
$1,037,542 CAD
Price Per SF
$221.70 CAD
Cap Rate
4.69%
NOI
$48,611 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,680 SF
Building FAR
0.61
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
mixed use - Mixed use with commercial and residence options.
Parking
9 Spaces (1.92 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
- Storage Space
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Collegiate Builders
- Construction
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Collegiate Builders | Construction | 99,999 SF | $9.99 | Lorem Ipsum | - |
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Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 140900-142-460-0009-017-100 | Improvements Assessment | $407,833 CAD |
| Land Assessment | $9,125 CAD | Total Assessment | $416,958 CAD |
PROPERTY TAXES
Parcel Number
140900-142-460-0009-017-100
Land Assessment
$9,125 CAD
Improvements Assessment
$407,833 CAD
Total Assessment
$416,958 CAD
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2901 S Park Ave
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