140 Professional Pkwy Lockport, NY 14094
- Office buildings
- 3,524 SF
- 0.35 lot acres
Current Use by Public Records
- Office buildings
Property Details for 140 Professional Pkwy
- Year built
- 1996
- Lot size
- 0.35 lot acres
- Property size
- 3,524 SF
- Zone code
- B4
- Property type
- Office buildings
- APN
- 290900 123.08-4-23
- APU
- 29090012308423
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $85,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $90,000
- 6.5%
- $95,000
- 7%
- $95,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $100,000
- Geo Method
- $80,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $75,000
- Retail
- $80,000
- Mixed-Use
- $90,000
- Hospitality
- $70,000
- Educational
- $75,000
- Residential Income
- $75,000
- Energy
- $80,000
- Income-Based Land
- $80,000
- Food Service
- $95,000
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Niagara
- State
- New York
- Longitude
- -78.6634
- Latitude
- 43.1563
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA