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    242 S Transit St Lockport, NY 14094

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    For Sale
    $159,000

    Two-unit mixed-use property with parking and development opportunities.

    Lot size:
    0.33 Acres

    Property Features for 242 S Transit St

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1918

    Source: Castricone Real Estate and Development LLC Agent Jason D Castricone

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

    Overview

    Mixed-Use Property with Development Potential

    This two-unit multi-family property is currently operated as a mixed-use space under a variance. The site provides ample parking and multiple entrances, allowing for division of the spaces. Concept renderings and architectural plans are available to showcase potential construction ideas. The upper apartment unit can offset expenses. This property presents an opportunity for various business uses.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6966139
    Latitude
    43.1746779

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    FAQs

    What type of property is this?
    Mixed-use property - Two-unit mixed-use property with parking and development opportunities.
    Where is this mixed-use property located?
    The property is located at 242 S Transit St Lockport, NY.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: - Multi-family (2-unit) property with variance allowing mixed-use operation.; - Potential for multiple businesses due to mixed-use variance.; - Upper apartment unit can offset business expenses.
    (716) 698-7700
    Request Owner's contact information
    242 S Transit 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
    242 S Transit St Lockport, NY 14094
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