16 Davison Ct Lockport, NY 14094
- Office buildings
- 3,600 SF
- 0.40 lot acres
Current Use by Public Records
- Jammal Sylvia DDS / Prosthodontist
- Mallela Rajitha MD / Rheumatologist
- Robert M Zielinski / Oncologist
- Buffalo Medical Group / Medical Clinic / Cancer Treatment Center
- Edward Jones / Stock Broker
Property Details for 16 Davison Ct
- Year built
- 1996
- Lot size
- 0.40 lot acres
- Property size
- 3,600 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Office buildings
- APN
- 290900 123.12-2-6
- APU
- 2909001231226
Description
This exceptional investment opportunity presents a 19-building office park totaling 3,600 square feet, situated on approximately 9.79 acres in Lockport, NY. Built in 2002, this single-story complex features wood-frame, brick exterior buildings with either crawl spaces or full basements and asphalt shingle roofs. Individual buildings range from 2,400 to 12,200 square feet, and are available for sale or lease separately, each situated on its own tax parcel. Suite sizes vary from 600 to 10,000 square feet, accommodating single or multiple tenants. The park boasts ample parking, multiple access points, and is currently approximately 50% occupied by medical and professional tenants. Its prime location offers easy access to downtown Lockport, major retail, restaurants, and hotels, as well as proximity to Lockport Memorial Hospital, and major transportation routes. The zoning is commercial, and the property is located in Niagara County, just 18 miles east of the Niagara Falls border and 30 miles from downtown Buffalo. This versatile property is ideal for a variety of professional uses, including medical, legal, and accounting practices.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $120,000
- 6.5%
- $110,000
- 7%
- $105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $105,000
- Geo Method
- $105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $120,000
- Retail
- $120,000
- Mixed-Use
- $135,000
- Hospitality
- $125,000
- Educational
- $125,000
- Residential Income
- $100,000
- Energy
- $105,000
- Income-Based Land
- $130,000
- Food Service
- $95,000
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Niagara
- State
- New York
- Longitude
- -78.6645
- Latitude
- 43.1558
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
