Retail Space with Private
For Sale
Contact for pricing
2945 Delaware Avenue, Tonawanda, NY 14217
Approximately 900 square feet with a reception area, large bathroom, and three enclosed rooms for flexible commercial use.
Property Size900 SF
Price / SF$1.67
Days on Market49
Property Features for 2945 Delaware Avenue
General Information
Standard status
Active
Size
900 SF
Additional Details
Road Access
Yes
Office Units
1
Building Details
Tenancy
Single
Listing Agency:
Towne Housing Real Estate
(716) 264-4135
Listed By:
Christopher M Williams
(716) 563-3861
Source:
Nicholcityrealty
Added: Aug 30
Changed: Oct 12
Last Checked: Oct 16 at 8:30AM
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 Towne Housing Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 900-square-foot retail unit offers a practical layout for a small commercial operation. The space includes a front reception area, a large bathroom, and three private rooms that can support a variety of interior configurations. The property information identifies potential use for office, salon, or retail operations.
Located on Delaware Avenue within a business district, the unit also benefits from on-street parking. The combination of defined rooms, customer-facing reception space, and a full-size bathroom provides a functional setup for service-oriented or storefront users.
Located on Delaware Avenue within a business district, the unit also benefits from on-street parking. The combination of defined rooms, customer-facing reception space, and a full-size bathroom provides a functional setup for service-oriented or storefront users.
Key Highlights
- Approximately 900 square feet of retail space
- Reception area, large bathroom, and 3 private rooms
- Potential office, salon, or retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,092
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,840
$161.8K
Cap Rate 7%
$115,600
$115.6K
Cap Rate 9%
$89,911
$89.9K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$13.0K $14.40/SF
− Vacancy
−$1.4K −$1.56/SF
EGI
$11.6K $12.84/SF
− OpEx
−$3.5K −$3.85/SF
NOI
$8.1K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,840
Cap Rate 7%
$115,600
Cap Rate 9%
$89,911
Alternative Uses
Best Use
Office B
$161.1K
$141.0K – $188.0K
NOI $11,278 @ 7.0% cap · market cap 751.87%
Second Best
Retail
$115.6K
$101.2K – $134.9K
NOI $8,092 @ 7.0% cap · market cap 539.47%
Theoretical Best
Office A
$196.7K
$172.2K – $229.5K
NOI $13,772 @ 7.0% cap · market cap 918.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Approximately 900 square feet with a reception area, large bathroom, and three enclosed rooms for flexible commercial use.
Where is this retail space located?
The property is located at 2945 Delaware Avenue Tonawanda, NY.
What are key features of this property?
This property features: Approximately 900 square feet of retail space; Reception area, large bathroom, and 3 private rooms; Potential office, salon, or retail use
