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51-55 Washington Street, Lockport, NY 14094

$1,190,000
  • 51-55 Washington Street, Lockport, NY 14094 Main Photo

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Active
SQUARE FEET9,578 MLS#B1645844
STATUSActive PROPERTY TYPECommercial - Business SCHOOLLockport

Property Description

Discover an exceptional turnkey multifamily investment at Lockport Views Apartments, a well-established residential community offering immediate cash flow and substantial growth potential. Nestled in the historic Lockport area, this property features three modern buildings comprising 12 spacious units, 11 fully updated with contemporary finishes, energy-efficient appliances, and thoughtful amenities designed for resident comfort and retention. The property has undergone comprehensive renovations from top to bottom, including refreshed interiors newer mechanics, windows, upgraded common areas, and enhanced landscaping, ensuring low maintenance costs and high tenant appeal. From efficient kitchens to durable flooring, every detail has been updated to meet today's market demands. Cleared land for the potential construction of an additional 22 units, transforming this already profitable asset into a larger-scale operation. This opportunity could nearly double the property's footprint and revenue stream-perfect for visionary investors looking to scale. Lockport Views Apartments combines the security of a proven performer with the excitement of future development, all in a location with easy access to local amenities, schools, and commuting routes. Whether you're a seasoned real estate professional or a first-time multifamily buyer, this property delivers immediate value and long-term upside. Square Footage is all the buildings combined.

51-55 Washington Street | MLS# B1645844

This commercial property located at 51-55 Washington Street, Lockport, NY 14094 is currently listed for sale with an asking price of $1,190,000. 51-55 Washington Street is located within the Lockport school district. Search Lockport real estate on www.mjpeterson.com today.

Property Features

Property Type: Commercial - Business
Basement: Partial
Heating: Gas, Forced Air
Lot Size: 0.87 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $11,421
Year Built: 1940

Feature Descriptions

Days on Site: 149
Exterior: Frame, Other, Wood Siding
Flooring: Carpet, Linoleum, Other, See Remarks, Vinyl
Lot: Irregular Lot
Lot Dimensions: 145X262
Parcel#: 290900-109-010-0001-013-001
Parking: Driveway, Other, See Remarks, Surfaced
Parking Notes: Driveway, Other, See Remarks, Surfaced
Sewer: Public Sewer
Units: 12
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public

Local Schools

High School: Lockport High
School District: Lockport

Listed By / Shown By

Listing By

Agency Name: Chubb-Aubrey Leonard Real Estate
Agency Contact: 716-631-8300

Shown By

Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234

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