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    FOR SALE
    Office buildings

    792 Davison Rd, Lockport, NY 14094

    2,998 SF 0.62 ac lot Built 1991
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US63-1616735
    Property summary
    AI-generated overview

    This exceptional Lockport, NY office park offers 19 single-story buildings totaling 81,492 square feet. The property features flexible suite sizes ranging from 600 to 10,000 contiguous square feet, ideal for a variety of tenants. Each building, constructed in 2002, boasts a wood frame and brick exterior, with either a crawl space or full basement, and asphalt shingle roofing. Lot sizes vary from 0.35 to 1.19 acres, with each building situated on its own tax parcel, allowing for individual leasing or sale. Currently, the park enjoys approximately 50% occupancy, housing a mix of medical and professional office tenants. The buildings are well-suited for medical practices, legal firms, accounting offices, and other professional businesses. Ample parking is available around each building, ensuring convenient access for employees and clients. The park's convenient location, just north of Lincoln Avenue on Davison Road, offers easy access to major roadways, including Transit Road, and is within close proximity to Lockport Memorial Hospital and a wide array of retail amenities, restaurants, and hotels. Its strategic location in Niagara County, approximately 18 miles east of the Niagara Falls border and 30 miles from downtown Buffalo, provides excellent accessibility and visibility. The property is zoned B-4 and features a 9-foot ceiling height. This presents a unique opportunity for investors seeking a diverse portfolio of office spaces in a thriving location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1991
    Total area 2,998 SF
    Lot 0.62 ac (27,007 SF)
    Zoning code 05 - COMMERCIAL
    APN 290900 123.12-2-5
    UPID US63-1616735
    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
    Current use
    Occupant on record · Public records
    • Gerald R Lamont Optometrist Physician
    • Canalside Financial Inc Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jan Property Management LLC · 3 yrs held
    Jan Property Management LLC
    since 2022
    Last sale
    $180,000
    5 recorded transactions
    2022
    $180,000
    2020
    $11.6M
    2015
    2014
    2011
    Zoning & alternative use
    05 - COMMERCIAL · Lockport, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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