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 can be updated in its current configuration, renovated or redeveloped. "The property is associated with a $500,000 Restore NY grant award through the Greater Lockport Development Corporation, intended to support a proposed $3,000,000 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

FORMER YMCA LOCKPORT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

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

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

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.