Retail Storefront with Flexible
New
For Sale
Contact for pricing
723 Sheridan Drive, Tonawanda, NY 14150
Move-in-ready retail storefront with flexible interior layout and ample on-site parking built in 1950.
Property Size1,400 SF
Price / SF$214.29
Days on Market7
Property Features for 723 Sheridan Drive
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Retail, Mixed Use
Building Details
Year Built
1950
Listing Agency:
716 Realty Group
Listed By:
Michael Matyjasik · License #NY 10401295685
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Aug 1 at 8:21AM
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 716 Realty Group
Investment Insights
Based on property information with market context.
This retail storefront at 723 Sheridan Drive, Tonawanda, NY 14150 is currently operating as a flower shop and offers an ultra-clean, move-in-ready interior. With a functional, flexible layout and a professional appearance, the space can support retail, office, service, showroom, or specialty business uses. The exterior has been freshly painted, and the property is set up with strong curb appeal.
The property totals approximately 1,400 SF and was built in 1950. On-site parking is available for customers and staff.
For buyers seeking a versatile storefront space that can transition beyond its current flower shop use, the combination of clean interior condition, flexible design, freshly painted exterior, and ample on-site parking supports a range of potential business configurations.
The property totals approximately 1,400 SF and was built in 1950. On-site parking is available for customers and staff.
For buyers seeking a versatile storefront space that can transition beyond its current flower shop use, the combination of clean interior condition, flexible design, freshly painted exterior, and ample on-site parking supports a range of potential business configurations.
Key Highlights
- Approximately 1,400 SF retail storefront
- Currently operating as a flower shop
- Built in 1950
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $14.40 |
| − Vacancy | −$2.2k | −$1.56 |
| EGI | $18.0k | $12.84 |
| − OpEx | −$5.4k | −$3.85 |
| NOI | $12.6k | $8.99 |
1,400 SF · lease $14.40/SF/yr · vacancy 10.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$179.8K
$157.4K – $209.8K
NOI $12,588 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.0K
$267.8K – $357.1K
NOI $21,423 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Home Improvements & Furnishings 18%
7-Eleven
Shops & Services
4,489 visits/mo
0.1 miles
Johnstone Supply
Home Improvements & Furnishings
1,445 visits/mo
0.3 miles
U-Haul
Shops & Services
1,339 visits/mo
0.3 miles
Camp Bow Wow
Shops & Services
786 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Move-in-ready retail storefront with flexible interior layout and ample on-site parking built in 1950.
Where is this storefront property located?
The property is located at 723 Sheridan Drive Tonawanda, NY.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Approximately 1,400 SF retail storefront; Currently operating as a flower shop; Built in 1950
