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    Transit Rd And Tonawanda Crk Rd Lockport, NY 14094

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    For Sale
    Contact for pricing

    6.3 Acres, 40-Unit Apartment Plan Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6.3-acre commercial land parcel presents a prime development opportunity in Lockport, New York. Strategically located at the intersection of Transit Road and Tonawanda Creek Road (zip code 14094), this property boasts significant frontage: approximately 646 feet along Tonawanda Creek Road, extending approximately 960 feet in irregular depth. The site is situated approximately 400 feet west of the Transit Road intersection. Importantly, all necessary zoning approvals, building plans, and permits are in place for the construction of five two-story buildings, each containing eight apartments, totaling forty units. This turnkey project eliminates significant pre-construction hurdles. Adding to its appeal, an adjacent parcel of approximately two acres is also available for purchase, offering further expansion potential for additional apartment buildings. The current owner intends to commence construction in the summer of 2022. This property represents a rare chance to acquire a fully permitted, shovel-ready development site in a desirable location, poised for immediate construction and strong rental income potential. Don't miss this exceptional investment opportunity.

    Property Features for 0 Transit Rd And Tonawanda Crk Rd

    General Information

    Property type
    Land
    Lot Size
    274,428 SF

    HighLights

    • 6.3+/- acre commercial land parcel in Lockport, NY, zoned and permitted for 40‑unit apartment complex (five 2‑story buildings, eight units each).
    • Excellent development opportunity with all building plans and permits in place.
    • Shovel‑ready site with significant frontage on Tonawanda Creek Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6969051
    Latitude
    43.087756

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    FAQs

    What type of property is this?
    Land - 6.3 Acres, 40-Unit Apartment Plan Approved
    Where is this land located?
    The property is located at Transit Rd And Tonawanda Crk Rd Lockport, NY.
    What are key features of this property?
    This property features: 6.3+/- acre commercial land parcel in Lockport, NY, zoned and permitted for 40-unit apartment complex (five 2-story buildings, eight units each).; Excellent development opportunity with all building plans and permits in place.; Shovel-ready site with significant frontage on Tonawanda Creek Road.
    (716) 834-7777
    Request Owner's contact information
    Transit Rd And Tonawanda Crk Rd 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.

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    Cap approach

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    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
    Transit Rd And Tonawanda Crk Rd Lockport, NY 14094
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