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Property profile & analytics
OFF-MARKET Estimated value $760,000
Strip malls

1195 Lincoln Ave Lockport, NY 14094

24,458 SF 2.65 ac lot Built 1993
Entity Owned 17-yr Hold Free & Clear
Property ID
US63-0342343
Property summary
AI-generated overview

Lincoln Davidson Plaza offers exceptional retail, office, or restaurant opportunities in a thriving Niagara County location. This single-story, 24,548 square foot building boasts a strong tenant mix, including Dollar General, Kings Wok, and several other established businesses. Two spaces are currently available, one measuring approximately 1,839 square feet and another newly built-out space of approximately 2,950 square feet. The smaller space is available for $8.00 per square foot, while the larger, newly built-out space is offered at $15.50 per square foot. The property enjoys a highly visible corner location at Lincoln Avenue and Davison Road, benefiting from excellent traffic counts: 5,764 AADT (east of Davidson Road), 9,912 AADT (west of Davidson Road), and 7,048 AADT (on Davidson Road north of Lincoln Avenue). Ample parking is available, and the plaza is strategically situated 1.5 miles east of Transit Road and one mile south of Lockport Memorial Hospital, surrounded by other medical offices and a community center. The adaptable spaces are ideal for various uses, including retail, restaurant, office, or medical practices. This prime location serves a dense residential area and nearby office parks, ensuring high visibility and consistent foot traffic. The property offers a reasonable lease rate and the opportunity to join a successful and diverse tenant mix.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1993
Total area 24,458 SF
Lot 2.65 ac (115,434 SF)
Zoning code B1
APN 290900 123.12-1-3
UPID US63-0342343
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Diversidades Ecuatorianas Mayita Grocery & Convenience Store
  • LibertyX Bitcoin ATM Atm
  • Trendy Nail Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$760k
Owner & transaction history
Lockport Plaza LLC · 17 yrs held
Lockport Plaza LLC
since 2008
6 recorded transactions
2018
Price N/A
2008
$1.7M
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B1 · Lockport, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.0M +25.5%
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