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    110 Transit Rd Lockport, NY 14094

    For Sale
    $229,000

    Two-unit apartment building, prime location.

    Property size:
    2,273 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This charming two-unit apartment building, located at 110 S Transit Rd in Lockport, NY, presents a compelling investment opportunity. Built in 1875, this property boasts a total of 2,273 square feet across two stories and sits on a highly visible corner lot at the southeast intersection of S Transit Road and High Street. The building consists of one building with two separate apartments. The first floor features a spacious three-bedroom apartment, while the second floor offers a one-bedroom unit. This owner-user investment is priced at $229,000. The property's location in Niagara County, NY, zip code 14094 (latitude 43.1867083, longitude -78.6968497), offers excellent access to local amenities and transportation. The property's age suggests potential for renovation and value enhancement, making it an attractive prospect for both seasoned investors and those seeking a hands-on approach to real estate ownership. This is a rare opportunity to acquire a well-situated multifamily property in a desirable Lockport neighborhood. The building's layout provides flexibility for owner occupancy or rental income generation. Serious inquiries are encouraged.

    Property Features for 110 Transit Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,273 SF

    Building Details

    Year Built
    1875
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Charming two‑unit apartment building in Lockport, NY.
    • 2,273 square feet on a corner lot at S Transit Rd and High St.
    • Features a three‑bedroom unit and a one‑bedroom unit.
    • Priced at $229,000.
    • Located in Niagara County, NY, zip code 14094.
    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
    -78.6968497
    Latitude
    43.1867083

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 110 Transit Rd Lockport, NY.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: Charming two-unit apartment building in Lockport, NY.; 2,273 square feet on a corner lot at S Transit Rd and High St.; Features a three-bedroom unit and a one-bedroom unit.
    Request Owner's contact information
    110 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
    110 Transit Rd Lockport, NY 14094
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