Mixed-Use Retail and
838 Niagara Falls Blvd Tonawanda, NY 14150
838 Niagara Falls Blvd, Tonawanda, NY, 14150
$599,000
For Sale
$599,000
Recently updated property includes retail/showroom, a fully equipped commercial kitchen, offices, and a two-bedroom apartment above.
Property Size4,038 SF
Lot Size0.44 Acres
Price / SF$148.34
Days on Market16
Property Features for 838 Niagara Falls Blvd
General Information
- Standard status
- Active
- Size
- 4,038 SF
- Lot size
- 0.44 Acres
Listing agency
Hanna Commercial
(716) 239-5764
Listed by
Richard Wadsworth · License #10401370901
(716) 239-5764
Source
Exprealty
Added: Jul 8 Updated: Jul 22 at 8:28PM Checked: Jul 22 at 8:28PM
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 Hanna Commercial
Investment Insights
Based on property information with market context.
This mixed-use property offers a retail/showroom area, a fully equipped commercial kitchen, office space, and an efficient two-bedroom apartment on the second floor. The building has been recently updated and maintained, including a new façade, extensive interior and exterior painting, general building repairs, and a silicone roof installed approximately three years ago. A newer HVAC system supports year-round comfort for the office and commercial areas.
The property is situated on highly traveled Niagara Falls Boulevard with parking for 27+ vehicles and visibility supported by exposure to more than 20,000 vehicles per day.
The combination of street-level commercial space and a residential unit provides flexibility for either owner-occupancy or an income-generating mixed-use setup.
The property is situated on highly traveled Niagara Falls Boulevard with parking for 27+ vehicles and visibility supported by exposure to more than 20,000 vehicles per day.
The combination of street-level commercial space and a residential unit provides flexibility for either owner-occupancy or an income-generating mixed-use setup.
Key Highlights
- 4,280 SF mixed‑use building on 0.44 acres with retail/showroom, commercial kitchen, office space, and a 2‑bedroom apartment.
- Commercial kitchen included, plus office space to support restaurant, specialty food, or other commercial uses.
- Apartment on the second floor provides an onsite residential component to pair with the retail/office space.
Local Financial Insights For Office B
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 | $82.4k | $20.40 |
| − Vacancy | −$14.9k | −$3.69 |
| EGI | $67.5k | $16.71 |
| − OpEx | −$16.9k | −$4.18 |
| NOI | $50.6k | $12.53 |
4,038 SF · lease $20.40/SF/yr · vacancy 18.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$722.8K
$632.5K – $843.3K
NOI $50,599 @ 7.0% cap · market cap 8.45%
Second Best
Specialty Retail
$694.7K
$607.8K – $810.4K
NOI $48,626 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$882.7K
$772.4K – $1.03M
NOI $61,791 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Recently updated property includes retail/showroom, a fully equipped commercial kitchen, offices, and a two-bedroom apartment above.
Where is this retail space located?
The property is located at 838 Niagara Falls Blvd Tonawanda, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,280 SF mixed‑use building on 0.44 acres with retail/showroom, commercial kitchen, office space, and a 2‑bedroom apartment.; Commercial kitchen included, plus office space to support restaurant, specialty food, or other commercial uses.; Apartment on the second floor provides an onsite residential component to pair with the retail/office space.
