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    116 Transit Rd Lockport, NY 14094

    Sponsored
    For Sale
    Contact for pricing

    Build Your Business Dream in Lockport, NY

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.12-acre commercial land parcel presents a unique opportunity for entrepreneurs and investors seeking a prime location in Lockport, New York. Situated at 116 South Transit Road, this property offers convenient access to major roadways and a thriving local economy within Niagara County. The lot's size is ideal for a variety of commercial developments, allowing for flexibility in design and construction plans. Its zoning classification (not specified in provided information) should be verified with the relevant authorities to ensure compatibility with your intended project. The asking price of $24,999 makes this an attractive investment opportunity, particularly given the strategic location and potential for significant return. This property is ready for immediate development, offering a blank canvas for your vision. The address is easily accessible and visible from South Transit Road, ensuring high visibility for any future business established on the site. Prospective buyers are encouraged to conduct their own due diligence, including but not limited to, verifying zoning regulations, utility availability, and environmental considerations. This is a rare opportunity to acquire a well-positioned commercial lot in a growing area of New York State. Don't miss out on this chance to secure your future in Lockport. The property is located in the 14094 zip code.

    Property Features for 116 Transit Rd

    General Information

    Property type
    Land
    Lot Size
    5,227 SF

    HighLights

    • $24,999 asking price.
    • 0.12‑acre commercial land parcel.
    • Located at 116 South Transit Road, Lockport, NY 14094.
    • Niagara County location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.696489
    Latitude
    43.164432

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    FAQs

    What type of property is this?
    Land - Build Your Business Dream in Lockport, NY
    Where is this land located?
    The property is located at 116 Transit Rd Lockport, NY.
    What is the asking price?
    The asking price for this property is $24,999.
    What are key features of this property?
    This property features: $24,999 asking price.; 0.12-acre commercial land parcel.; Located at 116 South Transit Road, Lockport, NY 14094.
    (716) 812-6333
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    116 Transit Rd 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
    116 Transit Rd Lockport, NY 14094
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