32 Professional Pkwy Lockport, NY 14094-5366
- Office buildings
- 2,560 SF
- 0.40 lot acres
Current Use by Public Records
- Office buildings
Property Details for 32 Professional Pkwy
- Year built
- 1992
- Lot size
- 0.40 lot acres
- Property size
- 2,560 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Office buildings
- APN
- 290900 123.08-4-9
- APU
- 2909001230849
Description
This single-tenant, 2,400 square foot Class B office building, constructed in 2002, is situated in a 19-building medical and professional office park in Lockport, NY. The property features an open reception area, six oversized executive offices, an open workspace, kitchen, storage, and restrooms. Ample natural light and a convenient rear parking lot enhance its appeal. The building boasts a wood frame and brick exterior, a single story design, and either a crawl space or full basement. It sits on its own tax parcel and can be sold separately from the other buildings in the complex. The lot size is approximately 0.35 acres or more. The building is currently vacant and ideal for a variety of office or medical uses. The larger complex offers suites ranging from 600 to 12,200 square feet, with most buildings designed for multiple tenants. The location provides easy access to Route 78, Lockport Memorial Hospital, and the downtown Lockport area, which includes numerous retail stores, restaurants, and hotels. Niagara County's central location offers proximity to Niagara Falls (18 miles) and Buffalo (30 miles). The property is zoned commercial and benefits from multiple points of access and ample parking throughout the complex. This presents a unique opportunity to acquire a well-located, versatile office building in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $80,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $110,000
- 6.5%
- $100,000
- 7%
- $100,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $110,000
- Retail
- $130,000
- Mixed-Use
- $125,000
- Hospitality
- $120,000
- Educational
- $105,000
- Residential Income
- $120,000
- Energy
- $115,000
- Income-Based Land
- $110,000
- Food Service
- $120,000
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Niagara
- State
- New York
- Longitude
- -78.6643
- Latitude
- 43.1582
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA