115 Professional Pkwy Lockport, NY 14094
- Office buildings
- 3,086 SF
- 0.45 lot acres
Current Use by Public Records
- Dr. Lawrence E. Volland, DDS / Dentist
- Volland Dental / Dentist
Property Details for 115 Professional Pkwy
- Year built
- 1992
- Lot size
- 0.45 lot acres
- Property size
- 3,086 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Office buildings
- APN
- 290900 123.08-4-20
- APU
- 29090012308420
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $70,000
- 7%
- $65,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $75,000
- Geo Method
- $80,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $75,000
- Retail
- $80,000
- Mixed-Use
- $85,000
- Hospitality
- $75,000
- Educational
- $85,000
- Residential Income
- $75,000
- Energy
- $75,000
- Income-Based Land
- $80,000
- Food Service
- $75,000
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Niagara
- State
- New York
- Longitude
- -78.6641
- Latitude
- 43.1569
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA