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6601 S Transit Rd 17,000 SF 100% Leased Retail Building Lockport, NY 14094 $1,450,000 ($85.29/SF)
Investment Highlights
- Generate consistent income with a property designed for long-term investment growth and portfolio diversification
- General Business (B-2) zoning allows for a diversified tenant base across office, retail and wholesale services
- Adjacent 9.65 Acres lot also available
- Offers multiple revenue streams from 10 rentable units & a ground lease provide stable cash flow and reduced vacancy risk
- 6 Acre lot offers future development potential, large parking area, or outdoor amenities adding value and flexibility for growth
- Unlock additional income potential with (2) on-site residential units—ideal for owner occupancy, staff housing, or additional office space
Executive Summary
- Generate consistent income with a property designed for long-term investment growth and portfolio diversification
- 17,000 sq. ft. combined into three buildings offers multiple revenue streams from ten rentable units and a ground lease provide stable cash flow and reduced vacancy risk
- General Business (B-2) zoning allows for a diversified tenant base across office, retail and wholesale services
- 6 Acre lot offers future development potential, large parking area, or outdoor amenities adding value and flexibility for growth. Adjacent 9.65 Acres lot also available
- Unlock additional income potential with (2) on-site residential units—ideal for owner occupancy, staff housing, or additional office space
- 17,000 sq. ft. combined into three buildings offers multiple revenue streams from ten rentable units and a ground lease provide stable cash flow and reduced vacancy risk
- General Business (B-2) zoning allows for a diversified tenant base across office, retail and wholesale services
- 6 Acre lot offers future development potential, large parking area, or outdoor amenities adding value and flexibility for growth. Adjacent 9.65 Acres lot also available
- Unlock additional income potential with (2) on-site residential units—ideal for owner occupancy, staff housing, or additional office space
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,000 SF
Building Class
C
Year Built
2003
Price
$1,450,000
Price Per SF
$85.29
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
5.98 AC
Zoning
B-2
Parking
40 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
65’ on S Transit Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Wholesaler
- -
- -
- Plus Utilities
- Aug 2014
Lincare Holdings began in 1987 as a subsidiary of Linde Air Products. The company specializes in respiratory care services and distributes home medical equipment across the United States. Services include oxygen therapy, sleep apnea treatment, and ventilator support. The business also provides durable medical equipment such as wheelchairs and hospital beds. Lincare operates as part of Linde's healthcare division and has maintained a presence in the home healthcare market through various service offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Wholesaler | - | - | Plus Utilities | Aug 2014 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Property Taxes
| Parcel Number | 292600-152-001-0002-012-000 | Improvements Assessment | $931,700 |
| Land Assessment | $30,300 | Total Assessment | $962,000 |
Property Taxes
Parcel Number
292600-152-001-0002-012-000
Land Assessment
$30,300
Improvements Assessment
$931,700
Total Assessment
$962,000
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6601 S Transit Rd
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