Lackawanna, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Lackawanna, New York Market population: 18K. Explore income-producing properties with verified cap rates and...

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📊 Average Cap Rate For Lackawanna NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Lackawanna NY Properties: 2.2200%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

Save

Investor Questions For Lackawanna NY

Common questions from investors exploring commercial real estate in Lackawanna NY.

What is the overall investment potential of Lackawanna, NY, considering its demographic and economic factors? +

The city's median household income of $35,072, combined with a poverty rate of 23.6% and a high health insurance coverage rate of 94.6%, suggests a relatively stable market with a mix of working-class and more affluent residents. The top industries, including Public Administration and Finance & Insurance, indicate a diverse economy, while the median property value of $84,200 and median property taxes of $4,754 provide insight into the housing market. Additionally, the average commute time of 21.6 minutes and high rate of health insurance coverage contribute to a decent quality of life.

How does the ethnic diversity and industry mix in Lackawanna, NY, impact the demand for real estate investments? +

The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Black populations, contributes to a vibrant community, while the top industries, including Public Administration, Finance & Insurance, and Information, drive demand for housing and commercial spaces. The employed population of 7,445 and median household income of $35,072 also support a stable rental market, with the median property value of $84,200 and homeownership rate of 54.8% providing further insight into the local real estate market.

What are the key factors to consider when assessing the quality of life in Lackawanna, NY, and its impact on real estate investments? +

The average commute time of 21.6 minutes, top commute methods including driving alone and carpooling, and high health insurance coverage rate of 94.6% all contribute to a decent quality of life in Lackawanna, NY. Additionally, the median age of 41.6 and poverty rate of 23.6% provide further context, while the median property taxes of $4,754 and homeownership rate of 54.8% are essential considerations for real estate investors. The city's overall quality of life can impact tenant stability and property values.

How does the poverty rate and health insurance coverage in Lackawanna, NY, affect the tenant quality and stability for real estate investors? +

The poverty rate of 23.6% in Lackawanna, NY, combined with a high health insurance coverage rate of 94.6%, suggests a working-class market with employment stability. The employed population of 7,445 and median household income of $35,072 also support a stable rental market, while the median property value of $84,200 and median property taxes of $4,754 provide insight into the housing market. The overall tenant quality and stability are critical considerations for real estate investors.

What role do the top industries and commute methods play in shaping the real estate market in Lackawanna, NY? +

The top industries, including Public Administration, Finance & Insurance, and Information, drive demand for housing and commercial spaces in Lackawanna, NY, while the commute methods, such as driving alone and carpooling, impact the desirability of locations and property types. The average commute time of 21.6 minutes and median household income of $35,072 also influence the local real estate market, with the median property value of $84,200 and homeownership rate of 54.8% providing further insight into the market's dynamics.

Lackawanna NY Real Estate & City Facts

Key facts and real estate information about Lackawanna NY.

What are some of the best neighborhoods to live in Lackawanna? +

Some of the best neighborhoods to live in Lackawanna include the central parts of the city, Warsaw Street, and the area near Abbott/Irish Heritage District. These neighborhoods are known for their friendly atmosphere, well-kept homes, and quiet environment.

What are some fun things to do in Lackawanna? +

There are several fun things to do in Lackawanna, including visiting the Our Lady of Victory National Shrine & Basilica, playing bocce at the Bocce Court, and exploring the Buffalo and Erie County Botanical Gardens. You can also check out the Lackawanna Grove, Canalside Boardwalk, and the nearby Niagara Falls.

What is the food scene like in Lackawanna? +

The food scene in Lackawanna is diverse and offers a range of options, including American, Jamaican, and Italian cuisine. Some popular restaurants include Curly's Grille, Rooster's Cafe, and J's White Elephant. There are also plenty of great food trucks and new restaurants to try, such as Mahboba's Kitchen and Desiderio's Italian Restaurant.

What are the pros and cons of living in Lackawanna? +

The pros of living in Lackawanna include its friendly atmosphere, affordable housing, and convenient location near Buffalo. However, some cons include the city's higher poverty rate and limited job opportunities. Overall, Lackawanna is a great option for those looking for a quiet and affordable place to live, but it may not be the best fit for everyone.

Is Lackawanna a good place to live? +

Lackawanna can be a good place to live for those who value a quiet and affordable community with a strong sense of neighborhood pride. While it may not offer all the amenities and job opportunities of a larger city, it has a unique charm and a range of outdoor activities and attractions to enjoy. Ultimately, whether or not Lackawanna is a good place to live depends on your individual priorities and preferences.

Lackawanna, NY Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Lackawanna NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Lackawanna NY Properties: 2.2200%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Lackawanna NY

Lackawanna NY Real Estate & City Facts

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