Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    90 Market St Lockport, NY 14094

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property with development potential and Erie Canal views.

    Property size:
    2,766 SF
    Lot size:
    12,197.00 Acres

    Property Features for 90 Market St

    General Information

    Standard status
    Active
    Zoning
    B2
    Size
    2,766 SF
    Lot size
    12,197.00 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Mark Zambito
    Mark Zambito
    Source: Crexi

    Listing Agency: Berkshire Hathaway HomeServices Listing Agent: Mark Zambito

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

    Learn more

    Overview

    Commercial Property with Erie Canal View

    This commercial property offers a blank canvas for a new venture. Located adjacent to the Erie Canal, the property offers the potential to create an outdoor space with water views. Ample on-site parking is available. An exterior solar sensor LED lighting system provides visibility and security. The mechanicals, including a three-phase electrical system, are less than 10 years old. The roof is double metal with insulation. Zoning allows for up to two additional floors, with a maximum building height of 52 feet, creating expansion opportunities. The property has 2766 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    GetFixed, Presidential PC, Grimbles Hardware Inc

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6894655
    Latitude
    43.1725457

    Nearby Similar for Sale

    • $850,000
      32,716 SF

      Lockport Development Opportunity

      Three properties offer adaptive reuse potential near Erie Canal.
      100 Genesee St, Lockport, NY 14094
      View Details
    • $249,999
      5,274 SF

      Lockport Multifamily Investment Opportunity

      Five-unit property with income potential in Lockport, New York.
      89 Pine St, Lockport, NY 14094
      View Details
    • New
      $199,900
      6,718 SF

      Historic Mixed-Use Property, Lockport, NY

      Historic mixed-use property in Lockport, NY, with business and apartment potential.
      207-221 Washburn St, Lockport, NY 14094
      View Details
    • $320,000
      3,950 SF

      Medical Office Building For Sale

      3,950 SF medical office building in Lockport Professional Park.
      46 Davison Ct, Lockport, NY 14094
      View Details
    • New
      $199,900
      6,718 SF

      Historic Mixed-Use Property, Lockport

      Mixed-use property in Lockport, perfect for live/work or income.
      207-221 Washburn St, Lockport, NY 14094
      View Details
    • New
      $40,000
      2,208 SF

      Lockport Multifamily Renovation Opportunity

      Multifamily property in Lockport, NY, ideal for renovation.
      87 Locust Street Ext, Lockport, NY 14094
      View Details
    • $1,100,000
      8,597 SF

      Medical Office Near Retail Corridor

      Spacious medical office with dental buildout near Lockport.
      5862 Snyder Dr, Lockport, NY 14094
      View Details
    • $850,000

      Lockport Development Opportunity For Sale

      Three properties in Lockport suitable for hospitality or mixed-use development.
      100 Genesee St, Lockport, NY 14094
      View Details
    • $650,000

      Redevelopment Opportunity in Downtown Lockport

      Two properties totaling 55,000 SF on 1.5 acres.
      120 Main St, Lockport, NY 14094
      View Details
    • $50,000

      Commercial Space on Lagrange Street

      Single-level commercial space with customization potential in Lockport, NY.
      106 Lagrange St, Lockport, NY 14094
      View Details
    • $399,000
      Pending

      Historic Mixed-Use Office Building

      Three-story mixed-use building with office tenants and development potential.
      29-31 W Main St, Lockport, NY 14094
      View Details
    • $399,000

      Historic Mixed-Use Office Building

      Three-story mixed-use building with office tenants and development potential.
      29 W Main St, Lockport, NY 14094
      View Details

    FAQs

    What type of property is this?
    Office property - Commercial property with development potential and Erie Canal views.
    Where is this office property located?
    The property is located at 90 Market St Lockport, NY.
    What are key features of this property?
    This property features: - Ideally located commercial property offering a true blank canvas for your next venture.; - Scenic Erie Canal running along the rear, offering unique potential to create a relaxing outdoor space with beautiful water views.; - Ample on-site parking to accommodate a wide range of business concepts.
    Request Owner's contact information
    90 Market St Lockport, NY 14094
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    90 Market St
    Lockport, NY 14094
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    90 Market St Lockport, NY 14094
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark Zambito
    Mark Zambito
    Real Estate License ID: 10301207566
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!