Retail Storefront with Flexible
For Sale
$289,999
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
Days on Market82
Property Features for 723 Sheridan Drive
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,742
Building Details
Building Size
1,400 SF
Year Built
1950
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Michael Matyjasik · License #10401295685
(716) 907-6854
Source:
Highfallssir
Added: Jul 28
Changed: Oct 17
Last Checked: Oct 16 at 5:30PM
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 WNY Metro Roberts Realty
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 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
Estimated NOI and Cap Rate
NOI / Yr
$12,588
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,760
$251.8K
Cap Rate 7%
$179,829
$179.8K
Cap Rate 9%
$139,867
$139.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$20.2K $14.40/SF
− Vacancy
−$2.2K −$1.56/SF
EGI
$18.0K $12.84/SF
− OpEx
−$5.4K −$3.85/SF
NOI
$12.6K $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%
$251,760
Cap Rate 7%
$179,829
Cap Rate 9%
$139,867
Alternative Uses
Best Use
Retail
$179.8K
$157.4K – $209.8K
NOI $12,588 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.0K
$267.8K – $357.1K
NOI $21,423 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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 $289,999.
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
