100-Room Hotel with Conversion
For Sale
Contact for pricing
Pending
225 Crestmount Avenue, Tonawanda, NY 14150
Commercially zoned lodging property with breakfast and in-house laundry facilities.
Property Size29,964 SF
Days on Market734
Property Features for 225 Crestmount Avenue
General Information
Standard status
Pending
Size
29,964 SF
Total Parking Spaces
105
Property subtype
Hospitality
Zoning
Commercial
Building Details
Year Built
1992
Buildings
1
Stories
2
Listing Agency:
KW Commercial Greater Nassau, NY
Listed By:
Tim McCaffrey · License #10401278221
Source:
Crexi
Added: Aug 28, 2024
Changed: Aug 31
Last Checked: Aug 31 at 2:34AM
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 KW Commercial Greater Nassau, NY
Investment Insights
Based on property information with market context.
The CenterWay Hotel is a 29,964-square-foot hospitality property completed in 1992, with 100 guest rooms and operational features that include a breakfast area and in-house laundry facilities. The property is zoned Commercial and is presented with a potential conversion plan for 60 market-rate apartments, subject to applicable requirements and approvals.
Located at 225 Crestmount Avenue in Tonawanda, the hotel is described as being minutes from Niagara Falls and downtown Buffalo, placing it within reach of two established regional destinations. The existing lodging configuration supports continued hotel use, while the stated apartment-conversion concept provides an alternate path for evaluating the asset.
Located at 225 Crestmount Avenue in Tonawanda, the hotel is described as being minutes from Niagara Falls and downtown Buffalo, placing it within reach of two established regional destinations. The existing lodging configuration supports continued hotel use, while the stated apartment-conversion concept provides an alternate path for evaluating the asset.
Key Highlights
- 100 guest rooms
- 29,964 square feet
- Potential conversion into 60 market‑rate apartments
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Commercially zoned lodging property with breakfast and in-house laundry facilities.
Where is this hotel located?
The property is located at 225 Crestmount Avenue Tonawanda, NY.
What are key features of this property?
This property features: 100 guest rooms; 29,964 square feet; Potential conversion into 60 market‑rate apartments
