19 East Avenue, Lockport, NY for sale

Investment 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 and used for sports and recreation having a basketball court, 4 racket ball courts, locker rooms, a pool, shower and Sona etc. The property can also be 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."