Prime Redevelopment Opportunity Lockport, NY

Property Location MAP

521 East Avenue
Lockport, NY 14094

Property #: AP24035A

Preview Times


Interested parties will be notified when scheduled.

Contact Agent

Michael Foster, CAI
Tranzon Auction Properties

716-507-9009 mfoster@tranzon.com
Unlock the potential of this expansive property, a former Hospital site, now available for acquisition through a receiver-ordered auction.
 
Spanning over 5.83 acres in Lockport, Niagara County, New York, this extensive campus offers a canvas for a multipurpose development catering to diverse needs, including but not limited to residential apartments, office spaces, retail outlets, senior housing, and healthcare facilities (subject to zoning approvals).
 
Boasting a strategic location with access via East Avenue and East Union Street, and encompassing 203,829 sq. ft. of building space across three interconnected structures erected in 1936, 1960, and 1980, this property presents an unprecedented opportunity for forward-thinking investors to leave an indelible mark on the landscape of Lockport's urban evolution.
 
Located along the Erie Canal, Lockport has a storied history throughout early America and the industrial revolution including as the home of Harrison Radiator Company, now owned by General Motors.
 
Michael Foster, Broker | NY #49F00966562 | 16 Warren Ave., Kenmore, NY 14217
 
Broker's Procedures: Please be advised that prior to showing a purchaser a property: (1) we do not require identification from a prospective purchaser, (2) we do not require a purchaser to sign an exclusive brokerage agreement and (3) we do not require a pre-approval for a mortgage loan in order to show a purchaser properties.

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Michael Foster, CAI

Michael Foster, CAI: Tranzon Auction Properties

716-507-9009 mfoster@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyer's Premium based on the high bid.
  • Closing: Within forty-five (45) days of the auction or ten (10) days of court confirmation, whichever is longer. Sold in As-Is condition, no contingencies.
  • Deposit Amount: Ten percent (10%) of purchase price (high bid + buyer's premium) due within twenty-four (24) hours of acceptance.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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