Mixed-Use Retail and
For Sale
$599,000
838 Niagara Falls Blvd, Tonawanda, NY 14150
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 Market106
Property Features for 838 Niagara Falls Blvd
General Information
Standard status
Active
Size
4,038 SF
Lot size
0.44 Acres
Additional Details
Traffic Count
20,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$12,719
Listing Agency:
Hanna Commercial
(716) 856-7107
Listed By:
Richard Wadsworth · License #10401370901
(716) 239-5764
Source:
Exprealty
Added: Jul 8
Changed: Oct 16
Last Checked: Oct 20 at 10:48PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,599
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,980
$1.0M
Cap Rate 7%
$722,843
$722.8K
Cap Rate 9%
$562,211
$562.2K
Market Conditions
NOI Build-Up for 4,038 SF
Gross rent
$82.4K $20.40/SF
− Vacancy
−$14.9K −$3.69/SF
EGI
$67.5K $16.71/SF
− OpEx
−$16.9K −$4.18/SF
NOI
$50.6K $12.53/SF
Area
Erie County, NY
Vacancy
18.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,980
Cap Rate 7%
$722,843
Cap Rate 9%
$562,211
Alternative Uses
Best Use
Office B
$722.8K
$632.5K – $843.3K
NOI $50,599 @ 7.0% cap · market cap 8.45%
Second Best
Retail
$518.7K
$453.8K – $605.1K
NOI $36,307 @ 7.0% cap · market cap 6.06%
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
Business Placement
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 Office in Northeast region
Frequently Asked Questions
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.
