285 Market St Lockport, NY 14094

Property Details for 285 Market St

Year built

1981

Lot size

1.17 lot acres

Property size

9,837 SF

Zone code

B1

Property type

Office buildings

APN

290900 109.40-2-41

APU

29090010940241

Description

This exceptional 9,837 square foot executive office building in Lockport, NY, presents a compelling investment opportunity with a 13.50% cap rate. Located at 285 Market Street, this Class B property boasts a desirable location overlooking the Joseph A. Scapalletti Bridge and adjacent to the Lockport Locks. Built in 1981 and renovated in 2010, the building features an open floor plan with 16-foot ceilings, situated on a 1.16-acre lot with ample on-site paved parking for 50+ vehicles. The property is currently under a NNN lease to an engineering firm, expiring in April 2025. The building sits on a concrete slab and benefits from recently updated mechanical and electrical systems. Its versatile zoning (Office) makes it suitable for a variety of uses, including showroom, attorney offices, financial services, call centers, light manufacturing, and more. The building's prime location and strong leasehold provide a solid foundation for a lucrative investment. This is a must-see property for discerning investors seeking a high-return opportunity in a desirable location. The property features a well-maintained structure and is ready for immediate occupancy or continued lease income.

Location Insight

City

Lockport

County

Niagara

State

New York

Longitude

-78.6844

Latitude

43.1763

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments