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Property profile & analytics
OFF-MARKET Estimated value $550,000
Banks

55 Stevens St Lockport, NY 14094-4229

13,834 SF 1.8 ac lot Built 1978
Entity Owned 2-yr Hold Free & Clear
Property ID
US63-1289019
Property summary
AI-generated overview

This exceptional 13,834 square foot Class B office building, located at 55 Stevens Street in Lockport, New York, is available for $595,000. Currently vacant, this property presents a unique opportunity for a variety of businesses. Previously operating as a bank branch, the building boasts a convenient drive-thru, a spacious first-floor waiting room, and a first-floor conference room. The second floor offers additional office space, and the building also includes an elevator and a secure vault. Adding to its appeal are two additional parcels totaling 2.54 acres, providing ample parking. Its strategic location off South Transit Road offers easy access to numerous amenities, including restaurants, gas stations, and retail plazas, making it highly attractive to both employees and clients. The property's versatile layout and prime location make it ideal for a bank branch, financial services firm, or other professional office uses. This is a turnkey opportunity to acquire a well-maintained building in a thriving area of Lockport, New York, within Niagara County, zip code 14094.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1978
Total area 13,834 SF
Lot 1.8 ac (78,408 SF)
Zoning code R2
APN 290900 109.17-2-6
UPID US63-1289019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k
Owner & transaction history
Bmbm Proeprties LLC · 2 yrs held
Bmbm Proeprties LLC
since 2024
3 recorded transactions
2025
Price N/A
2024
Price N/A
2024
$470,000
Zoning & alternative use
R2 · Lockport, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $890,000 +3.1%
Auto repair, garage $875,000 +1.7%
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