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51 S Transit St
Lockport, NY 14094
& 63 S Transit Road & 40 State St · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- WAREHOUSE PROPERTY / RETAIL REDEVELOPMENT OPPORTUNITY
- Price includes 51 & 63 S Transit
EXECUTIVE SUMMARY
FOR SALE: WAREHOUSE PROPERTY / RETAIL REDEVELOPMENT OPPORTUNITY
A great location for a retail development on this 1.3 acre property that sits adjacent to the old Garlock's Restaurant. The property is situated just two-blocks South of Main Street. The property has access to a tunnel that runs between the property to the Canal across, and under, State street
The properties at 63 South Transit Road and 40 State Street are also included in the asking price, and creates a larger footprint, and increased frontage of 216 feet on the busy S Transit Road commercial retail corridor.
A great location for a retail development on this 1.3 acre property that sits adjacent to the old Garlock's Restaurant. The property is situated just two-blocks South of Main Street. The property has access to a tunnel that runs between the property to the Canal across, and under, State street
The properties at 63 South Transit Road and 40 State Street are also included in the asking price, and creates a larger footprint, and increased frontage of 216 feet on the busy S Transit Road commercial retail corridor.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
23,989 SF
Building Class
C
Year Built
1830
Price
$688,445 CAD
Price Per SF
$28.70 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.50
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
449 - other storage
Parking
20 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
137’ on S Transit St
AMENITIES
- Bus Line
- Restaurant
- Storage Space
PROPERTY TAXES
| Parcel Number | 290900-109-070-0001-068-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $344,222 CAD | Total Assessment | $344,222 CAD |
PROPERTY TAXES
Parcel Number
290900-109-070-0001-068-000
Land Assessment
$344,222 CAD
Improvements Assessment
$0 CAD
Total Assessment
$344,222 CAD
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