57 Davison CtLockport, NY 14094

Property Details for 57 Davison Ct

Year built

1998

Lot size

1.26 AC

Property size (Sq ft)

12,281 SF

Zone code

B4

Property type

Office buildings

APN

290900 123.12-2-9

APU

2909001231229

Description

This exceptional Lockport, NY office park offers a 12,084 square foot building with four suites ranging from 1,950 to 3,808 square feet. The entire complex comprises nineteen single-story buildings, totaling various sizes from 2,400 to 12,200 square feet, many suitable for multiple tenants. Individual suites within the complex range from 600 to 10,000 square feet. Each building, constructed in 2002, features a wood frame and brick exterior, a single story design, and either a crawl space or full basement, along with asphalt shingle roofs. Some buildings share entrances. Each building sits on its own tax parcel and can be leased or sold separately. Lot sizes vary from 0.35 to 1.19 acres. Currently, the complex enjoys approximately 50% occupancy, primarily with medical and professional tenants. The property is zoned commercial and ideally suited for medical, legal, accounting, or other professional office uses. Ample parking is available for tenants and clients. The park offers multiple access points and is conveniently located just north of Lincoln Avenue on Davison Court in Lockport, NY, near major roadways, Lockport Memorial Hospital, and a wide array of retail amenities, restaurants, and hotels, including Walmart, Tops, Starbucks, and many others. Its central Niagara County location provides easy access to Niagara Falls (18 miles) and Downtown Buffalo (30 miles).

• CAP approach

  CAP return

  Valuation

  6%

  $2,227,745

  6.5%

  $2,056,380

  7%

  $1,909,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,174,911

  Geo Method

  $772,598

• Alternative Use

  Use

  Valuation

  Residential

  $2,549,911

  Hospitality

  $2,335,705

  Educational

  $1,943,279

  Medical

  $2,010,111

  Retail

  $3,022,878

Location Insight

City

Lockport

County

Niagara

State

New York

Latitude

43.1549

Longitude

-78.6646

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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