Mixed-Use Property with Development
For Sale
$159,000
Pending
242 S Transit St, Lockport, NY 14094
Two-unit mixed-use property with parking and development opportunities.
Property Size5,051 SF
Lot Size0.33 Acres
Days on Market225
Property Features for 242 S Transit St
General Information
Standard status
Pending
Size
5,051 SF
Lot size
0.33 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,758
Building Details
Building Size
5,051 SF
Year Built
1918
Stories
2
Units
2
Listed By:
Jason D Castricone
(716) 698-7700
Source:
Elliman
Added: Mar 10
Changed: Oct 19
Last Checked: Oct 19 at 7:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jason D Castricone
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Investment Insights
Based on property information with market context.
This two-unit multi-family property, currently operating as a mixed-use space with a variance, presents a unique opportunity. The site provides ample parking and multiple entrances, allowing for potential division of spaces. Concept renderings and architectural plans are available to showcase possible construction ideas. The upper apartment unit can offset expenses. This property offers possibilities for multiple businesses.
Key Highlights
- Multi‑family (2‑unit) property with variance for mixed‑use, offering flexibility.
- Potential for multiple businesses due to variance and layout.
- Upper apartment unit can offset business expenses.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 14094, NY
50,969
Population
23,283
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
121.7 sq mi
ZIP Area
419
Density / Sq Mi
$73,354
Median Household Income
$45,056
Median Earnings
$869
Median Rent
$186,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 for mixed‑use, offering flexibility.; Potential for multiple businesses due to variance and layout.; Upper apartment unit can offset business expenses.
