Two independent Poisson streams of jobs flow into a single-server service system having a limited common buffer that can hold at most one job. If a type-i job (i=1,2) finds the server busy, it is blocked and routed to a separate type-i retrial (orbit) queue that attempts to re-dispatch its jobs at its specific Poisson rate. This creates a system with three dependent queues. Such a queueing system serves as a model for two competing job streams in a carrier sensing multiple access system. We study the queueing system using multi-dimensional probability generating functions, and derive its necessary and sufficient stability conditions while solving a boundary value problem. Various performance measures are calculated and numerical results are presented.