Storefront Retail with On-Site
723 Sheridan Drive Tonawanda, NY 14150
New
For Sale
$299,999
COMMERCIAL - Tonawanda, NY
Property Size1,400 SF
Lot Size0.44 Acres
Price / SF$214.29
Days on Market2
Property Features for 723 Sheridan Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking
15
Standard status
Active
APN
146489-065-400-0005-003-000
Size
1,400 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Annual Amount
5742
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Building Details
Year built
1950
Floors in Building
1
Building materials
Block
Roof type
Shingle, Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 875-2211
Listed By:
Michael Matyjasik · License #10401295685
(716) 907-6854
Added: Jul 28
Last Checked: Jul 29 at 10:06PM
MLS# B1700559
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront retail property is currently operating as a flower shop and presents a clean, well-kept interior with a functional, desirable layout. At approximately 1,400 square feet, the space is designed to support a range of commercial uses, including retail, office, service, showroom, or specialty business operations. The exterior has been freshly painted, supporting a professional curb presentation.
The property is located at 723 Sheridan Drive in Tonawanda, Erie County, New York. It is zoned C and includes ample on-site parking, which can be important for day-to-day customer access and business operations.
Overall, the building offers a move-in-ready, storefront-style configuration with flexible space planning and visible exterior improvements, suitable for an owner-operator or business looking to establish a retail presence.
The property is located at 723 Sheridan Drive in Tonawanda, Erie County, New York. It is zoned C and includes ample on-site parking, which can be important for day-to-day customer access and business operations.
Overall, the building offers a move-in-ready, storefront-style configuration with flexible space planning and visible exterior improvements, suitable for an owner-operator or business looking to establish a retail presence.
Key Highlights
- 723 Sheridan Dr commercial property currently operating as a flower shop
- Flexible interior layout suited for retail, office, service, showroom, or specialty business uses
- Block construction with a shingle/asphalt roof and public sewer service
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Flower shop storefront with a freshly painted exterior and on-site parking, suited for retail, office, or service uses.
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: 723 Sheridan Dr commercial property currently operating as a flower shop; Flexible interior layout suited for retail, office, service, showroom, or specialty business uses; Block construction with a shingle/asphalt roof and public sewer service
