770 Davison RdLockport, NY 14094
- Office buildings
- 9,539 SF
Property Details for 770 Davison Rd
- Year built
- 2004
- Lot size
- 0.83 AC
- Property size (Sq ft)
- 9,539 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Office buildings
- APN
- 290900 123.08-4-6
- APU
- 2909001230846
Description
This single-story, 9,000 square foot Class B office building at 770 Davison Road in Lockport, NY, offers a variety of suite sizes perfect for medical or professional practices. Built in 2002, the property features five suites ranging from 1,800 to 7,200 contiguous square feet, with a minimum divisible space of 1,800 square feet. The building is one of nineteen in a larger office park complex situated on a 0.83-acre lot. All buildings are single-story wood frame structures with brick exteriors, asphalt shingle roofs, and either crawl spaces or full basements. The complex boasts ample parking and multiple access points. Its 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. The location is also strategically positioned approximately 18 miles east of the Niagara Falls/Canadian border and 30 miles from Downtown Buffalo. The property is currently approximately 50% occupied. Each building within the complex is situated on its own tax parcel and can be leased or sold separately. This presents a unique opportunity for both individual tenants and investors. The zoning is commercial.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,730,352
- 6.5%
- $1,597,248
- 7%
- $1,483,159
-
Comparable approach
- Method
- Valuation
- Relative Method
- $912,587
- Geo Method
- $600,098
-
Alternative Use
- Use
- Valuation
- Residential
- $1,980,588
- Hospitality
- $1,814,208
- Educational
- $1,509,400
- Medical
- $1,561,310
- Retail
- $2,347,955
Location Insight
- City
- Lockport
- County
- Niagara
- State
- New York
- Latitude
- 43.1563
- Longitude
- -78.665
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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