CCertihomes
2847 S Park Avenue, Lackawanna, NY 14218

$279,900

0 beds 0 baths 3,480 sqft Built 19000 days on marketActive

About this home

This unique 3, 400 sq ft mixed-use property, located just steps from the iconic OLV Basilica, presents an incredible opportunity for an established business owner looking to expand or an ambitious entrepreneur ready to launch their own venture. The lower level features a vacant bar/tavern space with excellent potential for a new concept, while the upper level offers a spacious and updated five-bedroom, two-bath apartment. Currently rented at $1, 500 per month, the residential unit has strong potential for increased rental income. The property also includes a basement with locked storage, a private backyard with a patio, and a storage shed—perfect for added functionality and convenience. With its prime location, high visibility, and flexible layout, this property is ideal for a variety of uses—whether as a live/work space, an income-generating investment, or a second business location. Don’t miss out on the chance to own a distinctive and versatile property in one of the city’s most vibrant and historic neighborhoods. --

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
$3,830/mo

Real estate (PITI + HOA + PMI)
$2,834
Principal + interest$1,796
Property tax + insurance$933
PMI / 2nd mortgage$105
Utilities
$2,012
Heating + cooling$853
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$3,830/mo TLC
Budget$5,000/mo
Remaining after TLC$1,170/mo
Purchase price
$279,900
Down payment
$13,995 (5%)
Loan amount
$265,905
APR
7.15%

Quick facts

Type
MixedUse
Style
Year built
1900
Lot size
0.069 ac
Stories
3
Heating
Gas, ForcedAir
Cooling
Water
HOA
Annual tax
$6,438
MLS #
B1627917
County
Erie

At a glance

Basement

Home features

Parking
OffSite
Flooring
Carpet, Hardwood, Linoleum, Other, SeeRemarks, Varies, Vinyl
Roof
Asphalt
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 8/5/2025. Provided courtesy of Nichol City Realty via Buffalo MLS. Information deemed reliable but not guaranteed.