26 Davison CtLockport, NY 14094

Property Details for 26 Davison Ct

Year built

1996

Lot size

0.40 AC

Property size (Sq ft)

3,600 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

290900 123.12-2-7

APU

2909001231227

Description

This exceptional investment opportunity presents 19 freestanding, single-story office buildings totaling 3,600 square feet, situated on approximately 9.79 acres in Lockport, NY's thriving Medical and Professional Parkway. Built in 2002, these wood-frame, brick buildings offer a mix of traditional, executive, and medical office spaces, each situated on its own tax parcel, allowing for individual sale or lease. Building sizes range from approximately 2,400 to 12,200 square feet, with suite sizes as small as 600 square feet and as large as 10,000 square feet, accommodating single or multiple tenants. The complex boasts ample parking, multiple access points, and is currently approximately 50% occupied. Conveniently located near Lincoln Avenue and Davison Road, it enjoys easy access to major roadways, including Transit Road, and is within close proximity to Lockport Memorial Hospital and a wide array of retail, dining, and hospitality options. The property's prime location, just 18 miles from the Niagara Falls border and 30 miles from downtown Buffalo, offers exceptional accessibility and visibility. A 3-month free rent incentive is available with a 2-year lease. This is an ideal investment for those seeking a diversified portfolio of income-generating properties in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $728,780

  6.5%

  $672,720

  7%

  $624,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $359,941

  Geo Method

  $226,476

• Alternative Use

  Use

  Valuation

  Residential

  $834,172

  Hospitality

  $764,098

  Educational

  $635,720

  Medical

  $657,584

  Retail

  $988,898

Location Insight

City

Lockport

County

Niagara

State

New York

Latitude

43.1558

Longitude

-78.6641

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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