Property profile

140 Professional Pkwy Lockport, NY 14094

FOR SALE
Office buildings
Property ID
US63-1400468
3,524 SF 0.35 ac lot Built 1996
Entity Owned 2-yr Hold Free & Clear
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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

Location

140 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
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

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

Zoning & alternative use

B4 · 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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More about this property
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