Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    445 Tremont St North Tonawanda, NY 14120

    Sponsored
    For Sale
    Contact for pricing

    85,000 SF Vacant Hospital - Ideal for Multi-Family

    Property size:
    85,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a unique chance to acquire a substantial 85,000 square foot property in North Tonawanda, New York. The property, a portion of the former DeGraff Memorial Hospital, is a five-story building with flexible floor plates, offering significant potential for adaptive reuse. The building is currently vacant and zoned for Federal Opportunity Zone designation, presenting attractive investment incentives. A key feature is the convenient location at the signalized intersection of Tremont Street and Twin Cities Memorial Highway, providing excellent visibility and accessibility. The site also benefits from easy access to I-290, making it strategically positioned for both Niagara and Erie County residents. The building includes a mechanical room situated on a sixth floor. Given its size, location, and zoning, this property is particularly well-suited for multi-family redevelopment or affordable housing projects, offering a compelling investment prospect with substantial upside potential. The property's strategic location and Federal Opportunity Zone status combine to create a rare and attractive investment opportunity. Serious inquiries are encouraged.

    Property Features for 445 Tremont St

    General Information

    Property type
    Specialty properties
    Square Feet
    85,000 SF
    Class
    B

    Building Details

    Stories
    5

    HighLights

    • DeGraff Hospital portion available for sale.
    • Redevelopment opportunity.
    • Five‑story building with adaptable floor plans.
    • Sixth‑floor mechanical room.
    • High‑visibility corner lot at Tremont Street and Twin Cities Memorial Highway.
    • Located in a Federal Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kaleida Health Blood ... Medical Laboratory Kevin D. Mills, ... Pharmacy Karen M. Harms, ... Pharmacy American Red Cross ... Non-Profit Organization DeGraff Memorial Hospital: ... Emergency Room

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Tonawanda
    County
    Niagara
    State
    New York
    Longitude
    -78.862146
    Latitude
    43.025128

    Nearby Similar for Sale

    • $399,900
      Pending

      Well-Maintained Multi-Unit Family Property

      Versatile multi-unit property perfect for owner-occupants or investors.
      6848 Errick Rd, North Tonawanda, NY 14120
      View Details
    • $239,000
      Pending

      Updated Two-Family Home

      Well-maintained two-family home, ideal for owner occupancy or investment.
      455 Robinson St, North Tonawanda, NY 14120
      View Details
    • $314,900
      Pending

      North Tonawanda Duplex Investment Opportunity

      Spacious duplex in Wurlitzer Park area, ideal for investors.
      918 Remington Dr, North Tonawanda, NY 14120
      View Details
    • $229,900
      Pending

      North Tonawanda Multifamily Property

      Multifamily property featuring three apartments and a new roof.
      299 Bryant St, North Tonawanda, NY 14120
      View Details
    • $349,000

      Redevelopment Opportunity in Commercial Corridor

      0.59-acre commercially zoned lot with high visibility.
      627 Erie Ave, North Tonawanda, NY 14120
      View Details
    • $995,000

      Retail Space in North Tonawanda

      Retail space with business, goodwill, equipment, and inventory included.
      1091 Oliver St, North Tonawanda, NY 14120
      View Details
    • $199,900

      Updated Two-Unit Home

      Updated two-unit home in North Tonawanda, ideal for investors.
      28 Lincoln Ave, North Tonawanda, NY 14120
      View Details
    • $199,900

      Updated Two-Family Home

      Updated two-family home near restaurants, shopping, and Payne Park.
      843 Payne Ave, North Tonawanda, NY 14120
      View Details
    • $1,350,000
      37,760 SF

      North Tonawanda Industrial Facility

      Industrial facility in North Tonawanda with user and investment potential.
      59 Felton St, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      85,000 SF

      Redevelopment Opportunity in Opportunity Zone

      85,000 SF redevelopment opportunity in a Federal Opportunity Zone.
      445 Tremont St, North Tonawanda, NY 14120
      View Details
    • $149,999

      Updated Three-Unit Investment Property

      Well-maintained, updated 3-unit property with income potential.
      415 Oliver St, North Tonawanda, NY 14120
      View Details
    • Contact for pricing

      Industrial Property with Office Space

      38,005 SF industrial building with 3,620 SF office space.
      76 Industrial Dr, North Tonawanda, NY 14120
      View Details

    FAQs

    What type of property is this?
    Specialty property - 85,000 SF Vacant Hospital - Ideal for Multi-Family
    Where is this specialty property located?
    The property is located at 445 Tremont St North Tonawanda, NY.
    What are key features of this property?
    This property features: DeGraff Hospital portion available for sale.; Redevelopment opportunity.; Five-story building with adaptable floor plans.
    Request Owner's contact information
    445 Tremont St North Tonawanda, NY 14120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    445 Tremont St
    North Tonawanda, NY 14120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    445 Tremont St North Tonawanda, NY 14120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.