CCertihomes
1849 Abbott Road, Lackawanna, NY 14218

$550,000

0 beds 0 baths 2,500 sqft Built 196986 days on marketActive

About this home

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 Cap Rate: 7.39% 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 The building was overhauled and rebuilt in 2021. Only the 2 side walls and back wall remained standing after the demolition.   New front, doors, and windows  New roof New coolers (very expensive) with long warranty New HVAC  New plumbing and electrical work New floor and tiles Nothing re-used from old store New lights New lightup sign in front of the store and large lightup billboard with letter box underneath. New cabinets, shelves, register, and counters.  New driveway painting and car stops

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$5,472/mo

Real estate (PITI + HOA + PMI)
$4,797
Principal + interest$3,529
Property tax + insurance$1,062
PMI / 2nd mortgage$206
Utilities
$1,572
Heating + cooling$633
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$5,472/mo TLC
Budget$5,972/mo
Remaining after TLC$500/mo
Purchase price
$550,000
Down payment
$27,500 (5%)
Loan amount
$522,500
APR
7.15%

Quick facts

Type
Commercial
Style
Year built
1969
Lot size
0.2755 ac
Stories
1
Heating
Other, SeeRemarks, ForcedAir
Cooling
CentralAir
Water
Public
HOA
Annual tax
$5,607
MLS #
B1588116
County
Erie

At a glance

Air conditioning

Home features

Roof
Other, SeeRemarks
Sewer
PublicSewer

Lot features

IrregularLot

Neighborhood — 14218

MetricThis ZIPCountyUSA
Population23,80619,351,094299,088,112
Population Change Since1990-10.00%8.00%20.00%
Population Density3,136395
Male11,4799,381,926147,432,321
Female12,3269,969,168151,655,844
Never Married5,5654,946,39163,775,926
Married9,1927,166,701123,120,365
Separated7741,159,67312,639,686
Widowed2,0471,110,24515,467,586
Divorced1,9221,210,44823,075,029
Number Of House Hold10,0297,102,016111,826,380
Average House Hold Size2.352.642.60
Medial Age39.2836.5335.46
Median House Hold Income$37,164$49,847$48,276
Average House Hold Income$45,750$70,032$63,629
P C I$19,611$26,569$24,529
M D I$32,699$42,210$41,133
A T H E$41,172$54,185$50,898
S T R8.75%4.00%
W C J80.73%81.55%77.74%
(Zip) Code
14218

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 2/10/2025. Provided courtesy of HUNT Commercial Real Estate Corp. of Buffalo New York via Buffalo MLS. Information deemed reliable but not guaranteed.