Property profile

115 Professional Pkwy Lockport, NY 14094

FOR SALE
Office buildings
Property ID
US63-3216135
3,086 SF 0.45 ac lot Built 1992
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-story, 3,086 square-foot office building in Lockport, NY, presents a fantastic opportunity. Built in 2002, the property features two suites, each approximately 1,543 square feet, currently vacant and ready for immediate occupancy. The building boasts a wood-frame, brick exterior, asphalt shingle roof, and either a crawl space or full basement. The property is part of a larger 19-building complex, offering various suite sizes ranging from 600 to 10,000 square feet, and is zoned for commercial use. Each building sits on its own tax parcel and can be leased or sold individually. Lots range from 0.35 to 1.19 acres, providing ample space. The complex currently has approximately 50% occupancy, with a mix of medical and professional tenants. Located conveniently near Lincoln Avenue and Davison Road, this property offers easy access to major roadways, including Transit Road, and is within close proximity to Lockport Memorial Hospital and a wide array of retail amenities, restaurants, and hotels. Its central location in Niagara County, approximately 18 miles east of the Niagara Falls border and 30 miles from downtown Buffalo, provides excellent accessibility. Ample parking is available for employees and clients. Ideal for medical practices, legal firms, accounting offices, or other professional businesses.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1992
Total area 3,086 SF
Lot 0.45 ac (19,602 SF)
Zoning code 05 - COMMERCIAL
APN 290900 123.08-4-20
UPID US63-3216135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office

Location

115 Professional Pkwy Lockport, NY 14094
Lockport metro Census 23902 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2024
Last sale
$100,295
4 recorded transactions
2024
$85,000
2020
$11.6M
2015
Price N/A
2014
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Lockport, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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