715 Ridge Rd - Bar FOR SALE


Buffalo, NY 14218
$500,000 USD
727-482-2818
715 Ridge Rd, Buffalo, NY for Sale
$500,000 USD
Bar - FOR SALE
1/42
null | 14% Cap Rate

NEW


715 Ridge Rd
Buffalo, NY 14218


HIGHLIGHTS

  • Gross Income: $102,600+/year
  • Apartments currently rented at $1,500/month each ($36,000/year), with market rents closer to $1,850/month ($44,400/year)
  • Bar lease potential: $3,500/month ($42,000/year) — OR operate the bar yourself and maximize profits
  • NY Lotto Quick Draw alone brings in $2,000/month passive income ($24,000/year)
  • Even without bar sales, you're looking at over $100K in annual gross income, delivering a high cap rate and double-digit cash-on-cash return
  • Turn-key bar with 22 taps (16 air-cooled), new glycol system

OVERVIEW

A rare high-return investment opportunity in the heart of Lackawanna, 715 Ridge Rd o?ers 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 or 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. 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- tra?c area with excellent visibility and accessibility. Just minutes from downtown Bu?alo, 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 Bu?alo area, this location positions your business and rental units for

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

ESTABLISHED BAR WITH TWO APARTMENT UNITS!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

140900-142-380-0003-016-000

ASK ABOUT THIS PROPERTY

George WilliamGrimaldi Commercial Realty Corp.More Info
727-482-2818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

George WilliamGrimaldi Commercial Realty Corp.More Info
727-482-2818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.