Multi-Tenant Industrial
For Sale
$2,300,000
126 East Niagara Street, Tonawanda, NY 14150
Masonry construction, drive-in access, and adaptable layouts support a range of industrial operations.
Property Size30,020 SF
Lot Size1.30 Acres
Price / SF$74.80
Days on Market63
Property Features for 126 East Niagara Street
General Information
Standard status
Active
Size
30,020 SF
Total Parking Spaces
50
Lot size
1.30 Acres
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$120,484
Additional Details
Gross Income
$201,936
Highway Access
Yes
Warehouse Space
30,748 SF
Taxes and HOA fees
Annual Taxes
$16,791
Building Details
Building Size
30,020 SF
Year Built
1936
Construction
masonry
Tenancy
Multi
Listing Agency:
Symphony Real Estate LLC
Listed By:
Colby Garza · License #10401387676
(214) 874-1568
Source:
Highfallssir
Added: Aug 7
Changed: Oct 7
Last Checked: Oct 7 at 3:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Symphony Real Estate LLC
Investment Insights
Based on property information with market context.
This fully occupied warehouse property contains approximately 30,748 SF across a multi-tenant industrial configuration on approximately 1.30 acres. Built in 1936, the asset features durable masonry construction, multiple drive-in overhead doors, approximately 50 on-site parking spaces, and flexible layouts suited to warehouse, manufacturing, contractor, and service-oriented operations.
The property is located at 126 E Niagara St in Tonawanda, with access to I-190, I-290, Route 62, and the Peace Bridge. Its position supports connectivity across Western New York and Southern Ontario while providing practical access for industrial users and service businesses.
The property is located at 126 E Niagara St in Tonawanda, with access to I-190, I-290, Route 62, and the Peace Bridge. Its position supports connectivity across Western New York and Southern Ontario while providing practical access for industrial users and service businesses.
Key Highlights
- Approximately 30,748 SF multi‑tenant warehouse on approximately 1.30 acres
- Fully occupied industrial property with multiple tenant spaces
- Masonry construction dating to 1936
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,865
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,277,300
$3.3M
Cap Rate 7%
$2,340,929
$2.3M
Cap Rate 9%
$1,820,722
$1.8M
Market Conditions
NOI Build-Up for 30,748 SF
Gross rent
$206.6K $6.72/SF
− Vacancy
−$13.8K −$0.45/SF
EGI
$192.8K $6.27/SF
− OpEx
−$28.9K −$0.94/SF
NOI
$163.9K $5.33/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,277,300
Cap Rate 7%
$2,340,929
Cap Rate 9%
$1,820,722
Alternative Uses
Best Use
Warehouse
$2.34M
$2.05M – $2.73M
NOI $163,865 @ 7.0% cap · market cap 7.12%
Second Best
Industrial
$1.93M
$1.69M – $2.25M
NOI $134,948 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$6.72M
$5.88M – $7.84M
NOI $470,518 @ 7.0% cap · market cap 20.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14150, NY
41,161
Population
20,152
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$70,294
Median Household Income
$46,867
Median Earnings
$1,094
Median Rent
$181,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Masonry construction, drive-in access, and adaptable layouts support a range of industrial operations.
Where is this warehouse located?
The property is located at 126 East Niagara Street Tonawanda, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Approximately 30,748 SF multi‑tenant warehouse on approximately 1.30 acres; Fully occupied industrial property with multiple tenant spaces; Masonry construction dating to 1936
