90 Professional PkwyLockport, NY 14094

Property Details for 90 Professional Pkwy

Year built

1993

Lot size

0.38 AC

Property size (Sq ft)

2,814 SF

Zone code

B4

Property type

Office buildings

APN

290900 123.08-4-14

APU

29090012308414

Description

This single-tenant, 2,583 square foot Class B office building is located at 90 Professional Parkway in Lockport, NY, 14094. Built in 2002, this one-story structure 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 part of a 19-building complex, offering ample parking. The building is currently vacant and presents a unique opportunity for a single tenant to occupy the entire space. Suite sizes within the larger complex range from 600 to 10,000 square feet, with some buildings configured for multiple tenants. The property is zoned commercial and located in Niagara County, offering convenient access to major roadways. The complex is approximately 50% occupied by medical and professional office tenants, indicating a strong existing market. This property is ideal for medical practices, legal firms, accounting offices, or other professional businesses seeking a standalone location with significant parking. Lot size is approximately 0.35 to 1.19 acres. Each building in the complex can be leased or sold separately.

• CAP approach

  CAP return

  Valuation

  6%

  $510,453

  6.5%

  $471,187

  7%

  $437,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $269,213

  Geo Method

  $177,029

• Alternative Use

  Use

  Valuation

  Residential

  $584,272

  Hospitality

  $535,190

  Educational

  $445,272

  Medical

  $460,586

  Retail

  $692,645

Location Insight

City

Lockport

County

Niagara

State

New York

Latitude

43.1568

Longitude

-78.6634

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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