140 Professional PkwyLockport, NY 14094

Property Details for 140 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 123.08-4-23

APU

29090012308423

Description

This single-tenant, 3,407 square foot Class B office building, constructed in 2002, is situated in a thriving 19-building medical and professional office park in Lockport, NY. The property features a spacious open reception area, six oversized executive offices, an open workspace, kitchen, storage, and restrooms. Ample natural light brightens the beautifully laid-out interior. Convenient rear parking is available for employees and clients. The building boasts a wood frame and brick exterior, a single story design, and either a crawl space or full basement. The property sits on its own tax parcel and can be leased or sold separately. Lot size is approximately 0.35 to 1.19 acres. The building's location offers easy access to major roadways, including Route 78, and is conveniently close to Lockport Memorial Hospital and a wide array of retail amenities, restaurants, and hotels. The larger complex offers suites ranging from 600 to 12,200 square feet, catering to a variety of business needs. Its prime location in Niagara County, approximately 18 miles from Niagara Falls and 30 miles from downtown Buffalo, provides excellent accessibility and visibility. This property is zoned commercial and is ideal for medical, legal, accounting, or other professional office uses. The entire complex provides multiple access points and ample parking.

• 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

43.1563

Longitude

-78.6634

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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