19 East Ave - Health Club FOR SALE


Lockport, NY 14094
$495,000 USD
716-913-7107
19 East Ave, Lockport, NY for Sale
$495,000 USD
Health Club - FOR SALE
1/6
null | Request Cap Rate

19 East Ave
Lockport, NY 14094


OVERVIEW

Located in the heart of the Downtown Lockport Business District this property is a rare adaptive-reuse opportunity for redevelopment. This former YMCA building is vacant and ready for a redevelopment project. The lay out of the floor plates lend themselves to a variety of commercial, residential, or mixed-use programs. The property is well located in the heart of downtown among all the local amenities: municipal offices, existing revitalization projects, municipal parking lots, shops, retail and food service. This property is a great opportunity for investors or developers looking for a midsize rehabilitation project. Incentives are available depending on the project. Basement Swimming Pool 3200 sq ft "The property is associated with a $500,000 Restore NY grant award through the Greater Lockport Development Corporation, intended to support redevelopment of the site. Prior approved concepts included a mixed-use conversion with residential units and office/co-working space. Buyers are encouraged to conduct independent due diligence regarding grant status, requirements, approvals, and transferability."

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$12 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

YMCA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,709 SF

ZONING

B2

APN/PARCEL ID

290900-109-014-0001-009-000

ASK ABOUT THIS PROPERTY

Ronald Gunner TronoloneHunt Commercial Real EstateMore Info
716-913-7107

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Ronald Gunner TronoloneHunt Commercial Real EstateMore Info
716-913-7107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.