125 Professional PkwyLockport, NY 14094

Property Details for 125 Professional Pkwy

Year built

1993

Lot size

0.46 AC

Property size (Sq ft)

3,087 SF

Zone code

B4

Property type

Office properties

Property subtype

Office buildings

APN

290900 123.08-4-19

APU

29090012308419

Description

This exceptional investment opportunity presents a 6,174 square foot office park in Lockport, NY, comprised of nineteen single-story buildings situated on individual tax parcels. Built in 2002, the complex features a mix of executive, medical, and traditional office spaces, currently at approximately 50% occupancy. The buildings boast wood-frame construction with brick exteriors, asphalt shingle roofs, and either crawl spaces or full basements. Suite sizes range from a minimum of 848 square feet to a maximum of 12,300 square feet, catering to diverse tenant needs. Each building offers ample parking for employees and clients, and the entire complex benefits from multiple points of access. Lot sizes vary from 0.35 to 1.19 acres. The property's strategic location just north of Lincoln Avenue on Davison Road provides easy access to major roadways, including Transit Road, and is conveniently situated near Lockport Memorial Hospital and a wide array of retail amenities, restaurants, and hotels. Its proximity to Downtown Lockport, Niagara Falls (18 miles), and Buffalo (30 miles) further enhances its appeal. The seller is offering attractive financing options, including a potential three-month rent-free period with a two-year lease. This presents a unique opportunity to acquire a well-located, versatile office complex with significant upside potential. The property is zoned commercial and is ideal for a variety of professional uses.

• CAP approach

  CAP return

  Valuation

  6%

  $559,975

  6.5%

  $516,900

  7%

  $479,978

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,330

  Geo Method

  $194,203

• Alternative Use

  Use

  Valuation

  Residential

  $640,956

  Hospitality

  $587,112

  Educational

  $488,470

  Medical

  $505,269

  Retail

  $759,842

Location Insight

City

Lockport

County

Niagara

State

New York

Latitude

43.1569

Longitude

-78.6645

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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