495 Delaware StTonawanda, NY 14150

Property Details for 495 Delaware St

Year built

1966

Lot size

0.29 AC

Property size (Sq ft)

3,033 SF

Property type

Office buildings

APN

141600 53.30-2-43.1

APU

14160053302431

Description

This versatile 1,320 square foot warehouse space is located at 495 Delaware Street in Tonawanda, New York, 14150. The property sits on a 0.29-acre lot and is part of a larger building totaling 4,353 square feet. Built in 1966, this two-story building currently has multiple tenants. The available space is the front unit, previously occupied by an orthodontist's office and requires minor repairs. The landlord is willing to assist with build-out to suit the tenant's needs. The property is classified as both retail and industrial, offering flexibility for a range of businesses. Access to the vacant unit is available through the reception desk of the existing tenant. Square footage is based on Realist records. Lease commission is paid annually at the start of each lease year. This presents a unique opportunity to secure a well-located warehouse space in a thriving community. The property's location offers convenient access to major transportation routes and amenities. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $550,194

  6.5%

  $507,871

  7%

  $471,595

• Comparable approach

  Method

  Valuation

  Relative Method

  $290,167

  Geo Method

  $190,806

• Alternative Use

  Use

  Valuation

  Residential

  $629,760

  Hospitality

  $576,857

  Educational

  $479,938

  Medical

  $496,444

  Retail

  $746,571

Location Insight

City

Tonawanda

County

Erie

State

New York

Latitude

43.0055

Longitude

-78.8738

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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