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    53 Walnut St Lockport, NY 14094

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    For Sale
    $249,000

    Office building in downtown Lockport with income potential.

    Property size:
    5,040 SF
    Lot size:
    0.21 Acres

    Property Features for 53 Walnut St

    General Information

    Size
    5,040 SF
    Lot size
    0.21 Acres

    Source: Caliber Commercial Brokerage, LLC Agent Jacob Rivera

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

    Overview

    Downtown Lockport Office Building

    This office building is located in downtown Lockport, an area rich in history and culture, featuring the Erie Canal, the Historic Palace Theatre, and a vibrant mix of shops and restaurants. The property is also positioned within a designated Opportunity Zone. The building has a private parking lot and generates $19,502 net operating income. The first floor is leased to Keller Group and occupies 3,000 square feet. The second floor has one 500 square foot office leased to Crunch Time Apple Growers, with multiple 500 square foot offices available. The property's total size is 5,040 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    C W Baker-Foltz ... Insurance Agency A A Insurance Insurance Agency Dickenson-Foltz Agency Inc Insurance Agency Community Investment Services ... Financial Planner CW Baker-Foltz Insurance Auto Insurance Agency

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6936622
    Latitude
    43.1685969

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    FAQs

    What type of property is this?
    Office building - Office building in downtown Lockport with income potential.
    Where is this office building located?
    The property is located at 53 Walnut St Lockport, NY.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Generates $19,502 Net Operating Income (NOI); - Located in Downtown Lockport; - First floor is leased to Keller Group (3,000 SF)
    (585) 454-4500
    Request Owner's contact information
    53 Walnut St Lockport, NY 14094
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    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
    53 Walnut St Lockport, NY 14094
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