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    FOR SALE
    Office buildings

    140 Professional Pkwy, Lockport, NY 14094

    3,524 SF 0.35 ac lot Built 1996
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US63-1400468
    Property summary
    AI-generated overview

    This single-tenant, 3,407 square foot Class B office building, constructed in 2002, is situated in a thriving 19-building medical and professional office park in Lockport, NY. The property features a spacious open reception area, six oversized executive offices, an open workspace, kitchen, storage, and restrooms. Ample natural light brightens the beautifully laid-out interior. Convenient rear parking is available for employees and clients. The building boasts a wood frame and brick exterior, a single story design, and either a crawl space or full basement. The property sits on its own tax parcel and can be leased or sold separately. Lot size is approximately 0.35 to 1.19 acres. The building's location offers easy access to major roadways, including Route 78, and is conveniently close to Lockport Memorial Hospital and a wide array of retail amenities, restaurants, and hotels. The larger complex offers suites ranging from 600 to 12,200 square feet, catering to a variety of business needs. Its prime location in Niagara County, approximately 18 miles from Niagara Falls and 30 miles from downtown Buffalo, provides excellent accessibility and visibility. This property is zoned commercial and is ideal for medical, legal, accounting, or other professional office uses. The entire complex provides multiple access points and ample parking.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1996
    Total area 3,524 SF
    Lot 0.35 ac (15,246 SF)
    Zoning code B4
    APN 290900 123.08-4-23
    UPID US63-1400468
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Davison Road Properties LLC · 2 yrs held
    Davison Road Properties LLC
    since 2024
    Last sale
    $85,000
    4 recorded transactions
    2024
    $85,000
    2020
    $11.6M
    2015
    2014
    Zoning & alternative use
    B4 · Lockport, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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