116 Broad St Tonawanda, NY 14150
Three-component property ideal for mixed-use vision in downtown corridor.
Lot size:
0.30 AcresProperty Features for 116 Broad St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.30 Acres
Building Details
- Year built
- 1900
Source:
Elliman
Listing Agent: Vicki Kessinger
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Tonawanda Mixed-Use Redevelopment Opportunity
Located in the Downtown Revitalization Initiative (DRI) area, this 14,125 square foot property at 116 Broad Street in Tonawanda presents a strategic investment opportunity. The three-component property is suitable for a mixed-use vision, including contractor or medical offices, product showrooms and warehousing, and training centers. The property's location in the downtown corridor offers potential for various business uses. The property's aesthetic charm also makes it suitable for apartment living, with an estimated ten units. Its location provides nearby access to biking paths, shops, restaurants and pubs, and riverfront concerts. The building's current stripped interior provides design flexibility for redevelopment. An Asbestos Abatement Report indicates the property is free and clear of asbestos. An estimate for geothermal heat pumps has been provided. The property offers potential for consistent returns. The current owner has relocation plans.
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Tonawanda
- County
- Erie
- State
- New York
- Longitude
- -78.8796362
- Latitude
- 43.0187161
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-component property ideal for mixed-use vision in downtown corridor.
Where is this mixed-use property located?
The property is located at 116 Broad St Tonawanda, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: - Located in Downtown Revitalization Initiative (DRI) area with potential Small Business Grant for 14,125 sq ft.; - Ideal for mixed-use development, including contractor/medical offices, showrooms, warehousing, catering, or training centers.; - Potential for apartment living (estimated ten units) due to proximity to amenities and lifestyle attractions.
