521 East Ave Lockport, NY 14094
Exceptional redevelopment opportunity in Lockport, NY. This 203,000 square foot, three-building office complex sits on 6.19 acres and offers significant potential for repurposing. Currently occupied by Eastern Niagara Hospital, the property provides a buyer/developer with approximately 18 months to plan for redevelopment before the hospital's relocation. The buildings, constructed in 1936, 1960, and 1980, feature a mix of brick and concrete construction across three and five stories, totaling eleven stories. The property includes ample parking with approximately 300 spaces. Zoned R-1 (Residential Single Family), the property enjoys a legal non-conforming use. Its location in a single-family neighborhood, approximately one mile from Lockport's downtown core, presents a unique opportunity for a variety of uses, including senior housing, a nursing home, apartments, offices, and retail space. The substantial size and existing infrastructure make this a compelling investment prospect. The asking price is $1,900,000.
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Adam T. Mark, RPh Pharmacy
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Patel Simal J MD Physician
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Dr. Michael Torres, MD Physician
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Boulos E John MD Physician
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Mullaney Dennis T MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.