6695 Transit RdLockport, NY 14094

  • Specialty properties
  • 5,790 SF

Property Details for 6695 Transit Rd

Year built
1974
Lot size
1.10 AC
Property size (Sq ft)
5,790 SF
Zone code
B-2
Property type
Specialty properties
APN
292600 152.03-1-35
APU
29260015203135

Description

Two exceptional 1.5-acre commercial land parcels are available for sale or build-to-suit in Lockport, New York. Located at 6695 & 6697 S Transit Rd, these properties offer a unique development opportunity in a high-traffic area. Each parcel, zoned B-1, measures approximately 267' x 255' and boasts a daily traffic count exceeding 30,000 vehicles on Transit Road. Strategically situated between the thriving markets of Lockport and Amherst, these corner lots provide easy access from both Transit Road and Heritage Point, ensuring high visibility and accessibility. The properties are ideal for a variety of commercial uses, including retail complexes, office spaces, breweries/distilleries, restaurants, and fast-food establishments. Each parcel includes a double-sided billboard generating $11,000 annual income, exceeding yearly property taxes. The northeast parcel features existing drainage and a stone lot. One parcel is priced at $255,000, and the other at $285,000. This presents an excellent investment opportunity with significant potential for growth and return. Don't miss this chance to secure a prime commercial location in a rapidly developing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,202,188
    Hospitality
    $1,101,197
    Educational
    $916,183
    Medical
    $947,692
    Retail
    $1,425,174

Location Insight

City
Lockport
County
Niagara
State
New York
Latitude
43.1026
Longitude
-78.6959
CBSA code
15380
CBSA name
BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$140,000
$250,000
$390,000
-
$140,000
$250,000
$390,000

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