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    Crescent Dr North Tonawanda, NY 14120

    Sponsored
    For Sale
    $349,000

    10.4 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10.4-acre vacant land parcel presents a compelling investment opportunity in the thriving town of Wheatfield, New York. Strategically located on Crescent Drive, this property enjoys a prime position directly across from Canterbury Gardens apartments, offering excellent visibility and accessibility. The property is zoned R-3, allowing for multifamily development, with nearby areas zoned R-2. This versatile zoning provides significant flexibility for various residential projects. Its convenient location off Niagara Falls Boulevard ensures easy access to major transportation routes and amenities. Existing utilities are available at the site, running along the driveway to Canterbury Gardens (via a non-exclusive easement). A pre-existing driveway provides straightforward access to the property. The APN is 294000-177-003-0001-077-011. The property's size and zoning make it ideal for developers seeking to capitalize on the growing demand for residential housing in this desirable location. This is a rare opportunity to acquire a substantial land holding with significant development potential in a highly sought-after area. The zip code is 14120.

    Property Features for 0 Crescent Dr

    General Information

    Property type
    Land
    Lot Size
    453,024 SF

    HighLights

    • 10.4‑acre vacant land parcel in Wheatfield, NY, priced at $349,000.
    • Located directly across from Canterbury Gardens apartments.
    • Zoned R‑3, with adjacent R‑2 zoning.
    • R‑3 zoning allows for multifamily development.
    • Excellent location off Niagara Falls Blvd.
    • Utilities available on‑site via a non‑exclusive easement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Tonawanda
    County
    Niagara
    State
    New York
    Longitude
    -78.822571368181
    Latitude
    43.057582046253

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    FAQs

    What type of property is this?
    Land - 10.4 Acres, Multifamily Potential
    Where is this land located?
    The property is located at Crescent Dr North Tonawanda, NY.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: 10.4-acre vacant land parcel in Wheatfield, NY, priced at $349,000.; Located directly across from Canterbury Gardens apartments.; Zoned R-3, with adjacent R-2 zoning.
    (716) 856-7107
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    Crescent Dr North Tonawanda, NY 14120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Crescent Dr North Tonawanda, NY 14120
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