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    60 Professional Pkwy Lockport, NY 14094

    Sponsored
    For Sale
    Contact for pricing

    NY Medical & Office Building, 50% Occupied

    Property size:
    2,741 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 2,741 square foot, Class B office building in Lockport, NY. Located at 60 Professional Pkwy, this single-story structure boasts two suites, ranging from approximately 1,341 to 1,400 square feet, currently 50% occupied. The building, constructed in 2002, is part of a larger 19-building office park situated on one acre, with each building on its own tax parcel, allowing for individual sale or lease. The park features ample parking and multiple access points. Buildings within the complex range in size from 848 to 12,300 square feet, and are ideal for various professional uses, including medical practices. The property's convenient location offers easy access to downtown Lockport, Route 78 (Transit Road), and major retail amenities, including Walmart, Home Depot, and numerous restaurants and hotels. Its proximity to Lockport Memorial Hospital further enhances its appeal. The entire park comprises approximately 9.79 acres and is zoned commercial. This presents a unique chance to acquire a fully leased building or explore opportunities within the larger complex. The buildings are wood-frame with brick exteriors, asphalt shingle roofs, and either crawl spaces or full basements. Some buildings share entrances.

    Property Features for 60 Professional Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    2,741 SF
    Class
    B
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2002
    Buildings
    19
    Stories
    1
    Units
    2

    HighLights

    • 2,741 SF Class B office building in Lockport, NY.
    • Two suites, approximately 1,341‑1,400 SF each, currently 50% occupied.
    • Ample parking.
    • Multiple access points.
    • Convenient location near downtown Lockport, Route 78, and major retail.
    • Other buildings in the 19‑building office park also available for sale or lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nelson Prosthetic & Orthotic Orthotics & Prosthetics Service The Law Office of Christopher ... Legal Services Lockport Laser & Electrolysis ... Laser Hair Removal Service Mc Graw Mechanical Heating Contractor Bernhardi & Lukasik PLLC Family Law Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6634977
    Latitude
    43.1576382

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    FAQs

    What type of property is this?
    Medical office - NY Medical & Office Building, 50% Occupied
    Where is this medical office located?
    The property is located at 60 Professional Pkwy Lockport, NY.
    What are key features of this property?
    This property features: 2,741 SF Class B office building in Lockport, NY.; Two suites, approximately 1,341-1,400 SF each, currently 50% occupied.; Ample parking.
    Request Owner's contact information
    60 Professional Pkwy 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
    60 Professional Pkwy Lockport, NY 14094
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