6640 Lincoln AveLockport, NY 14094

Property Details for 6640 Lincoln Ave

Year built

1989

Lot size

0.96 AC

Property size (Sq ft)

5,520 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

292600 123.02-1-56

APU

29260012302156

Description

This exceptional 5,800+/- square foot freestanding retail building is situated on a nearly one-acre lot at 6640 Lincoln Avenue in Lockport, New York, 14094. Boasting 150 feet of road frontage, this single-tenant property offers significant potential for a variety of uses, including retail, office, storage, or a combination thereof. Built in 1989 and renovated in 2015, the building features a large 22-car parking lot in front and a fully fenced-in rear gravel lot, providing ample space for customers and employees. The lot dimensions are approximately 150' x 277', with additional room for expansion to the east or rear. Convenient access is provided via a front entrance for retail space, side access for employees, and a rear 10-foot overhead door with drive-in capability to the warehouse area. A separate shed is also included on the property. The interior layout is highly adaptable

• CAP approach

  CAP return

  Valuation

  6%

  $1,241,631

  6.5%

  $1,146,121

  7%

  $1,064,255

• Comparable approach

  Method

  Valuation

  Relative Method

  $818,544

  Geo Method

  $538,258

• Alternative Use

  Use

  Valuation

  Residential

  $1,146,121

  Hospitality

  $1,049,840

  Educational

  $873,455

  Medical

  $903,494

  Retail

  $1,358,708

Location Insight

City

Lockport

County

Niagara

State

New York

Latitude

43.1525

Longitude

-78.6616

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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