715 Ridge Road

Property Description

A rare high-return investment opportunity in the heart of Lackawanna, 715 Ridge Rd offers a fully equipped, turn-key bar and two renovated 3-bedroom apartments just steps from South Park Avenue. This mixed-use property generates over $102,000/year in potential gross income, delivering a high cap rate and double-digit cash-on-cash return that’s almost impossible to find in today’s market. The two apartments are currently rented at $1,500/month each (below-market), with the potential to increase to $1,850/month. The bar alone generates $2,000/month in passive income from NY Lotto Quick Draw, and can either be leased for $3,500/month or operated directly for even higher returns. Sitting on a double lot, the property features a brand-new outdoor patio, 22 taps (16 air-cooled) with a new glycol system, updated electric, 22 new windows, and new HVAC (2022). The full dry basement includes on-site laundry, and the seller is committed to completing facade painting and exterior improvements. Owner is retiring and moving to Florida after years of using this income-producing property to successfully fund other real estate ventures—now it’s your turn.

Location Description

715 Ridge Rd is ideally located in the heart of Lackawanna, NY, just steps from the bustling South Park Avenue corridor. Surrounded by a mix of established businesses, residential neighborhoods, and ongoing development, this property sits in a high-traffic area with excellent visibility and accessibility. Just minutes from downtown Buffalo, major highways, and the waterfront, this location benefits from strong commuter flow, walkability, and a growing local population. Whether serving neighborhood regulars or drawing customers from the greater Buffalo area, this location positions your business and rental units for long-term success.