715 Ridge Road

Highlights:

• Gross Income Potential: $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 — a rare find in today’s market.
• Turn-key bar with 22 taps (16 air-cooled), new glycol system
• New HVAC (2022), 22 new windows, updated electrical
• New outdoor patio on a double lot
• Dry basement, on-site laundry
• FHA financing eligible — as little as 3% down for owner-occupants
• Added Value: Owner retiring and relocating to Florida
• Proven income-generating property that’s funded other real estate ventures
• Seller to complete facade painting and exterior improvements before closing

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.

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.

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