Flexible Industrial
59 Felton Street, North Tonawanda, NY 14120
For Sale
Contact for pricing
Multiple configurations offer adaptable industrial space with utilities, parking, bathroom access, and three-phase power included.
Property Size8,600 SF
Price / SF$0.29
Days on Market53
Property Features for 59 Felton Street
General Information
Standard status
Size
Listing Agency:
HUNT Real Estate ERA
(716) 883-2200
Listed By:
Ryan Devin · License NY #10401291865
(716) 946-3729
Source:
Nicholcityrealty
Added: Sep 20
Changed: Nov 10
Last Checked: Nov 10 at 7:33AM
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 HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
Flexible space is available at 59 Felton Street in North Tonawanda, with three configurations accommodating different operational requirements. Options include 5,300 square feet with a 10.5-foot by 14-foot overhead door and 14.5-foot ceilings, 3,300 square feet with 12.5-foot ceilings, or the full 8,600-square-foot offering. Each option includes utilities, bathroom access, parking, and three-phase power. On-site office space is also available as an additional option. Lease terms range from 3 to 5 years.
Key Highlights
- Three configuration options: 3,300 SF, 5,300 SF, or 8,600 SF
- 5,300 SF option includes a 10.5’ x 14’ overhead door
- Ceiling heights measure 14.5’ and 12.5’ depending on configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,237
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,740
$1.2M
Cap Rate 7%
$860,529
$860.5K
Cap Rate 9%
$669,300
$669.3K
Market Conditions
NOI Build-Up for 8,600 SF
Gross rent
$87.7K $10.20/SF
− Vacancy
−$1.7K −$0.19/SF
EGI
$86.1K $10.01/SF
− OpEx
−$25.8K −$3.00/SF
NOI
$60.2K $7.00/SF
Area
Niagara County, NY
Vacancy
1.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,740
Cap Rate 7%
$860,529
Cap Rate 9%
$669,300
Alternative Uses
Best Use
Flex RnD
$1.07M
$938.8K – $1.25M
NOI $75,103 @ 7.0% cap
Second Best
Warehouse
$1.04M
$914.3K – $1.22M
NOI $73,145 @ 7.0% cap
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,168 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14120, NY
44,538
Population
20,367
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
1,366
Density / Sq Mi
$76,608
Median Household Income
$47,014
Median Earnings
$932
Median Rent
$205,300
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Niagara County, NY
Properties on Market for Flex space in Niagara County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Multiple configurations offer adaptable industrial space with utilities, parking, bathroom access, and three-phase power included.
Where is this flex space located?
The property is located at 59 Felton Street North Tonawanda, NY.
What are key features of this property?
This property features: Three configuration options: 3,300 SF, 5,300 SF, or 8,600 SF; 5,300 SF option includes a 10.5’ x 14’ overhead door; Ceiling heights measure 14.5’ and 12.5’ depending on configuration
