130 Professional PkwyLockport, NY 14094

Property Details for 130 Professional Pkwy

Year built

1996

Lot size

0.35 AC

Property size (Sq ft)

3,524 SF

Zone code

B4

Property type

Office buildings

APN

290900 123.08-4-15

APU

29090012308415

Description

This exceptional 6,192 square foot medical office building, constructed in 2002, is situated in a thriving 19-building office park in Lockport, NY. The single-story building features a wood frame and brick exterior, asphalt shingle roof, and either a crawl space or full basement. The property sits on its own tax parcel and is available for sale or lease. Lot size ranges from 0.35 to 1.19 acres, offering ample space. The building is currently occupied by a long-standing ophthalmology practice, serving Lockport, Newfane, Buffalo, and Niagara Falls for over 30 years. The office park offers convenient access to major roadways, including Route 78, and is located near Lockport Memorial Hospital and a wide array of retail amenities, restaurants, and hotels such as Walmart, Starbucks, and numerous others. The location is ideal for medical, legal, accounting, or other professional office uses. The complex boasts multiple access points and abundant parking. Suite sizes within the complex range from 600 to 12,200 square feet, offering flexibility for various tenant needs. The property is zoned commercial and located in Niagara County, NY, 14094. This prime location offers easy access to downtown Lockport and is approximately 18 miles east of the Niagara Falls border and 30 miles from downtown Buffalo.

• CAP approach

  CAP return

  Valuation

  6%

  $639,245

  6.5%

  $590,073

  7%

  $547,925

• Comparable approach

  Method

  Valuation

  Relative Method

  $337,138

  Geo Method

  $221,695

• Alternative Use

  Use

  Valuation

  Residential

  $731,690

  Hospitality

  $670,224

  Educational

  $557,619

  Medical

  $576,796

  Retail

  $867,407

Location Insight

City

Lockport

County

Niagara

State

New York

Latitude

43.1566

Longitude

-78.6634

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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