6695 Transit Rd Lockport, NY 14094
- Specialty properties
- 5,790 SF
- 1.10 lot acres
Current Use by Public Records
- Canine Playhouse / Dog Day Care Center
Property Details for 6695 Transit Rd
- Year built
- 1974
- Lot size
- 1.10 lot acres
- Property size
- 5,790 SF
- Zone code
- B-2
- Property type
- Specialty properties
- APN
- 292600 152.03-1-35
- APU
- 29260015203135
Description
Two exceptional 1.5-acre commercial land parcels are available for sale or build-to-suit in Lockport, New York. Located at 6695 & 6697 S Transit Rd, these properties offer a unique development opportunity in a high-traffic area. Each parcel, zoned B-1, measures approximately 267' x 255' and boasts a daily traffic count exceeding 30,000 vehicles on Transit Road. Strategically situated between the thriving markets of Lockport and Amherst, these corner lots provide easy access from both Transit Road and Heritage Point, ensuring high visibility and accessibility. The properties are ideal for a variety of commercial uses, including retail complexes, office spaces, breweries/distilleries, restaurants, and fast-food establishments. Each parcel includes a double-sided billboard generating $11,000 annual income, exceeding yearly property taxes. The northeast parcel features existing drainage and a stone lot. One parcel is priced at $255,000, and the other at $285,000. This presents an excellent investment opportunity with significant potential for growth and return. Don't miss this chance to secure a prime commercial location in a rapidly developing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $335,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $395,000
- Mixed-Use
- $420,000
- Hospitality
- $345,000
- Educational
- $355,000
- Residential Income
- $385,000
- Energy
- $395,000
- Income-Based Land
- $350,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Niagara
- State
- New York
- Longitude
- -78.6959
- Latitude
- 43.1026
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA