Log In/Sign Up
Your email has been sent.
Heritage Square 61-81 Walnut St 34,600 SF 100% Leased Retail Building Lockport, NY 14094 $1,100,000 ($31.79/SF) 9.69% Cap Rate
Executive Summary
Heritage Square Plaza is a prime investment opportunity in a high-traffic corridor. Anchored by a newly renewed lease with Rent-A-Center (NYSE: UPBD), the plaza offers reliable cash flow and national credit tenancy. Its location at a signalized intersection ensures maximum visibility and easy access. With existing vacancy, there’s also a clear value-add opportunity for investors to boost returns through lease-up potential. This property can also be sold with adjacent 53 Walnut St for a larger combined investment opportunity.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
34,600 SF
Building Class
C
Year Built
1974
Price
$1,100,000
Price Per SF
$31.79
Cap Rate
9.69%
NOI
$106,642
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.85
Lot Size
0.94 AC
Opportunity Zone
Yes
Zoning
C
Parking
50 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 290900-109-013-0003-007-000 | Improvements Assessment | $365,000 |
| Land Assessment | $235,000 | Total Assessment | $600,000 |
Property Taxes
Parcel Number
290900-109-013-0003-007-000
Land Assessment
$235,000
Improvements Assessment
$365,000
Total Assessment
$600,000
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Heritage Square | 61-81 Walnut St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.