Added: Sep 8, 2021Changed: Oct 4Last Checked: Oct 4 at 9:59AM
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Investment Insights
Based on property information with market context.
The property at 60 Professional Parkway, Lockport, NY, is a 2,741 square foot building containing two suites, ranging in size from approximately 1,341 to 1,400 square feet. The building is fully leased and is part of a medical and professional office park complex consisting of approximately twenty-five office buildings. These buildings range in size from approximately 848 square feet up to approximately 12,300 square feet, with most configured for multiple tenants. Suite sizes range from approximately 848 square feet to approximately 12,300 square feet. Each single-story professional office building features wood frame construction, a brick exterior, crawl spaces or full basements, and asphalt shingle roofs. Some entrances are shared by multiple tenants. Each building is situated on its own tax parcel and can be leased or sold separately. Lot sizes range from approximately 0.35 acres up to approximately 1.19 acres. The complex is currently approximately 50% occupied by medical and office professional tenants. These buildings are suitable for medical practices, attorneys, accountants, office owners, or other professional uses. The complex offers multiple access points and ample parking around each building for employees and clients. The Medical & Professional Office Park is located just north of Lincoln Avenue on Davison Road in Lockport, NY, approximately 1.5 miles east of Transit Road and one mile south of Lockport Memorial Hospital, with easy access to downtown Lockport. Nearby are national retail stores, restaurants, and hotels, including Walmart Supercenter, Runnings, Tops Supermarket, Starbucks, Tim Horton, Denny's, Burger King, Home Depot, and Hampton Inn Lockport.
Key Highlights
Fully leased 2,74
Property Analytics
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Current Use
Nelson Prosthetic & OrthoticOrthotics & Prosthetics ServiceThe Law Office of Christopher ...Law FirmLockport Laser & Electrolysis ...Skin Care ClinicMc Graw MechanicalHVAC ServiceBernhardi & Lukasik PLLCLaw Firm
Suggested Use
Top PickReal Estate AgencyLaw FirmRestaurantParking Lot & GarageAuto Repair ShopKitchen & Bath Showroom
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Under-served
Demand for This Use
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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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Market
Vacancy Rate%for Office in Northeast region
13.1%2019
15.4%2020
17.6%2021
19.1%2022
20.2%2023
20.9%2024
19.9%2025
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New: 350 Mission StJust listed · $36/SF · 2 min ago