FULLY LEASED / CASH FLOW | 285 Market St
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FULLY LEASED / CASH FLOW 285 Market St
9,837 SF Office Building Lockport, NY 14094 $778,191 CAD ($79 CAD/SF)
Investment Highlights
- Office building-leased until 2025 to one tenant
- Newer mechanicals
- 50+ car parks, 2 grade doors, 1.17 acres
Executive Summary
BUILDING FOR SALE
Well-maintained, building with an open floor plan with 16' ceiling height. The property sits at the corner of Market & Exchange Streets overlooking the Joseph A. Scapalletti Bridge and the Canal. It's adjacent to the Lockport Locks. This building is currently used, and is zoned as "office", and will be delivered vacant in April 2025. The building sits on a concrete slab. Great, newer mechanicals and electric. On-site paved parking for 50+ cars on a 1.2 acre lot. There is plenty of room on the property to build another building or garage. Ideally suited for showroom, attorney, financial, call center operations, machine shop, construction, landscape, light manufacturing, etc. Great as an investment or small business owner/ user. The City of Lockport is undergoing a city-wide rezoning! The building's zoning will most likely change to a more broad and inclusive zoning class(es). Must see inside just how great this building has been cared for!
Well-maintained, building with an open floor plan with 16' ceiling height. The property sits at the corner of Market & Exchange Streets overlooking the Joseph A. Scapalletti Bridge and the Canal. It's adjacent to the Lockport Locks. This building is currently used, and is zoned as "office", and will be delivered vacant in April 2025. The building sits on a concrete slab. Great, newer mechanicals and electric. On-site paved parking for 50+ cars on a 1.2 acre lot. There is plenty of room on the property to build another building or garage. Ideally suited for showroom, attorney, financial, call center operations, machine shop, construction, landscape, light manufacturing, etc. Great as an investment or small business owner/ user. The City of Lockport is undergoing a city-wide rezoning! The building's zoning will most likely change to a more broad and inclusive zoning class(es). Must see inside just how great this building has been cared for!
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
9,837 SF
Building Class
B
Year Built/Renovated
1981/2010
Price
$778,191 CAD
Price Per SF
$79 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,837 SF
Building FAR
0.19
Lot Size
1.16 AC
Zoning
464 - office building
Parking
61 Spaces (5.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Waterfront
- Storage Space
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Chemical Design, Inc.
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Chemical Design, Inc. | Professional, Scientific, and Technical Services | - | - | - |
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PROPERTY TAXES
| Parcel Number | 290900-109-040-0002-041-000 | Improvements Assessment | $488,716 CAD |
| Land Assessment | $51,185 CAD | Total Assessment | $539,901 CAD |
PROPERTY TAXES
Parcel Number
290900-109-040-0002-041-000
Land Assessment
$51,185 CAD
Improvements Assessment
$488,716 CAD
Total Assessment
$539,901 CAD
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FULLY LEASED / CASH FLOW | 285 Market St
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