2436 Niagara Falls BlvdTonawanda, NY 14150

Property Details for 2436 Niagara Falls Blvd

Year built

1951

Lot size

1.00 AC

Property size (Sq ft)

8,629 SF

Zone code

C

Property type

Motels

APN

146489 40.47-2-3.1

APU

1464894047231

Description

This exceptional 50% occupied shopping center at 2436 Niagara Falls Blvd in Tonawanda, NY, presents a compelling redevelopment opportunity. Priced at $1,300,000, this mixed-use, special purpose property offers significant potential for investors seeking a prime location in Erie County. The corner lot provides excellent visibility and accessibility, making it ideal for a variety of uses. Currently operating at 50% occupancy, the existing tenants provide immediate cash flow while allowing for strategic repositioning and expansion. The property's classification as a shopping center suggests existing infrastructure suitable for retail businesses, potentially attracting a triple-net tenant or creating a vibrant plaza. The 14150 zip code boasts a strong demographic profile, further enhancing the investment potential. This property is a blank canvas for a visionary developer, offering the chance to create a thriving commercial hub in a desirable location. The existing structure provides a solid foundation for redevelopment, minimizing upfront costs and accelerating the return on investment. Serious inquiries are encouraged to explore the full potential of this unique opportunity. Detailed financial information and property specifics are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,777,936

  6.5%

  $1,641,172

  7%

  $1,523,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,940,007

  Geo Method

  $1,275,698

• Alternative Use

  Use

  Valuation

  Residential

  $1,791,683

  Hospitality

  $1,641,172

  Educational

  $1,365,436

  Medical

  $1,412,395

  Retail

  $2,124,011

Location Insight

City

Tonawanda

County

Erie

State

New York

Latitude

43.021

Longitude

-78.8228

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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