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    51 State St Lockport, NY 14094

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    For Sale
    $500,000

    1.3 acre property suitable for retail redevelopment, close to Main Street.

    Property size:
    16,083 SF

    Property Features for 51 State St

    General Information

    Size
    16,083 SF

    Building Details

    Year built
    1875

    Source: Nick Giammusso Agent Nick Giammusso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Warehouse Retail Redevelopment Opportunity

    This 1.3-acre property presents a warehouse property and retail redevelopment opportunity. Situated just two blocks south of Main Street and adjacent to the former Garlock's Restaurant, the location is suitable for retail development. The property includes access to a tunnel that runs to the canal, crossing under State Street. The adjacent properties at 63 South Transit Road and 40 State Street are included, creating a larger footprint and increased frontage of 216 feet on South Transit Road.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.742
    Latitude
    43.186

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    FAQs

    What type of property is this?
    Warehouse - 1.3 acre property suitable for retail redevelopment, close to Main Street.
    Where is this warehouse located?
    The property is located at 51 State St Lockport, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - 1.3 acre property ideal for retail redevelopment.; - Includes adjacent properties creating a larger footprint.; - **216 feet of frontage on S Transit Road.**
    (716) 812-6333
    Request Owner's contact information
    51 State St Lockport, NY 14094
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 State St Lockport, NY 14094
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