Property profile

24 PROFESSIONAL PKWY Lockport, NY 14094

OFF-MARKET
Office Building
Property ID
US63-2593748
2,688 SF 0.38 ac lot Built 1994
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Property summary

AI-generated overview

24 Professional Parkway is a single-story, wood-frame building with brick exterior and an asphalt shingle roof, containing 2,688 square feet divided into two suites of approximately 1,344 square feet each; the building includes crawl spaces or full basements and has parking shared with the larger office park. The property is part of a medical and professional office park complex on approximately 9.79 acres comprising nineteen office buildings ranging from about 2,400 to 12,200 square feet, with most structures configured for multiple tenants and suite sizes varying from roughly 600 to 10,000 square feet; some buildings feature shared entrances for multiple tenants. Each building sits on its own tax parcel and is designed to be leased or sold separately, with lot sizes within the complex ranging from approximately 0.35 to 1.19 acres. The complex is positioned on Davison Road in Lockport, NY, north of Lincoln Avenue, approximately one mile south of Lockport Memorial Hospital and about 1.5 miles east of Transit Road, with multiple access points and proximity to downtown Lockport and local retail, dining, and lodging; the setting supports medical practices and other professional office uses.

Property profile

Verified
Property type Office Building
Year built 1994
Total area 2,688 SF
Lot 0.38 ac (16,553 SF)
APN 290900 123.08-4-8
UPID US63-2593748

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

24 PROFESSIONAL PKWY Lockport, NY 14094
Lockport metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
Last sale
$188,500
2 recorded transactions
2022
$188,500
2020
$11.6M
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