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    OFF-MARKET
    Investment properties

    80 Park Ave, Lockport, NY 14094-2745

    1,748 SF 0.12 ac lot Built 1878
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US63-1328718
    Property summary
    AI-generated overview

    This exceptional two-unit office building, situated directly across from the Niagara County Courthouse in Lockport, NY, presents a unique investment opportunity. The 2,546 square foot building sits on a 0.12-acre lot and is currently listed at $150,000. The property boasts ample parking, a significant advantage in this desirable location. The first floor, currently leased on a year-to-year basis to a law firm, features a formal waiting room, a handicap-accessible ramp, and furnished offices equipped with desks, chairs, and legal-size filing cabinets. Additional amenities on the first floor include a main reception area, a meeting room/library with built-in shelves, a large bathroom, and a private rear entry. A mediation service and local non-profit also occupy space on the first floor on a month-to-month lease. The second floor comprises three additional offices and a second washroom. Recent cosmetic updates enhance the property's appeal, including new carpeting, blinds, light fixtures, fresh paint, and updated bathroom fixtures (toilets and vanity). A new alarm system has also been installed. This property is ideally suited for a law firm, satellite office, or other private practice/solo practitioner seeking a well-maintained and conveniently located space. The existing tenants provide immediate income potential.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1878
    Total area 1,748 SF
    Lot 0.12 ac (5,227 SF)
    Zoning code B5
    APN 290900 109.61-1-9
    UPID US63-1328718
    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
    • Craig N Touma Law Offices Law Firm
    • Falk & Falk Law Firm
    • SERV Niagara Association / Organization
    • Jennifer O. D'Andrea, LLC Financial Advisor
    • Farrugia David J Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Leonard G Tinley JR
    Leonard G Tinley JR
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    B5 · Lockport, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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