3868 Lower Mountain Rd Lockport, NY 14094
This exceptional 86.58-acre property in Lockport, NY, presents a remarkable investment opportunity. The main parcel, located on Lower Mountain Road, encompasses 14,460 square feet of office space distributed across four substantial buildings currently configured as art studios. These versatile structures offer immense potential for a variety of uses, beyond their current artistic application. The property also includes a picturesque log cabin, overlooking a tranquil pond, ideal for relaxation or as a private retreat. Adding to the property's appeal is a separate parcel situated on Upper Mountain Road, featuring a spacious single-family home. This residence boasts four bedrooms and three bathrooms, providing comfortable and private living quarters amidst the stunning natural landscape. The combined acreage and diverse structures create a unique opportunity for both commercial and residential endeavors, offering significant flexibility and potential for future development. The asking price for this expansive property is $4,500,000. This is a rare chance to acquire a substantial holding with significant potential for diverse uses and substantial returns. The property's size and varied components make it an exceptional investment in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.