Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3059 Niagara Fls Blvd North Tonawanda, NY 14120

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime development land with frontage on Niagara Falls Blvd.

    Type:Land
    Lot size:
    4.30 Acres
    Added:
    Nov 11, 2024
    Days on Market:
    511
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 3059 Niagara Fls Blvd

    General Information

    Standard status
    Active
    Lot size
    4.30 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Rick Recckio

    Listing agent Rick Recckio License #NY 31RE0821429

    Listing office Recckio Real Estate and Development Williamsville

    Listing date Nov 11, 2024

    Source Crexi

    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 Recckio Real Estate and Development Williamsville

    Overview

    Vacant Land on Niagara Falls

    This vacant land parcel offers approximately 4.3 acres zoned C-1, with 507 feet of frontage on Niagara Falls Boulevard. The owner is willing to subdivide the land into parcels ranging from 1 to 4.3 acres. The property is located on the northeast side of Niagara Falls Boulevard, situated between Schultz/Klemer Roads and Williams Rd./Nash Rd., and is located minutes from the Niagara Falls Airport. Please note that the house situated on a separate parcel is not included in this vacant land sale, but it could be purchased for an additional amount.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -78.8767008
    Latitude
    43.0829103

    Nearby Similar for Sale

    • $399,000
      3,744 SF

      Well-Maintained Multi-Unit Investment Opportunity

      Four spacious apartments in a desirable Niagara County location.
      2721 Alder Creek Drive S, North Tonawanda, NY 14120
      View Details
    • $270,000
      2,534 SF

      Renovated Two-Family Home in Tonawanda

      Fully renovated two-family home near business district and Niagara River.
      1242 Oliver Street, North Tonawanda, NY 14120
      View Details
    • $149,900
      1,530 SF

      North Tonawanda Multifamily Property

      Multifamily property near downtown North Tonawanda, priced to sell.
      262 Tremont Street, North Tonawanda, NY 14120
      View Details
    • $319,000
      4,784 SF

      Niagara Falls Blvd Commercial Property

      Commercial property on Niagara Falls Blvd with development potential.
      2921 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • $849,900
      3,000 SF

      Established Automotive Business For Sale

      Turnkey automotive business with loyal client base and equipment included.
      351 Ward, 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 Street, North Tonawanda, NY 14120
      View Details
    • $74,900

      Vacant Land Near Golf Course

      Vacant parcel ideal for tiny home or modular home.
      1852 Sweeney Street, North Tonawanda, NY 14120
      View Details
    • $499,900
      4,419 SF

      Commercial Land on Niagara Falls

      4.8 acres of commercial land with residential home.
      3059 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • $595,000

      Prime Development Land on Niagara

      4.3 +/- acres of C-1 zoned vacant land.
      3059 Niagara Falls Boulevard, North Tonawanda, NY 14120
      View Details
    • $45,000
      4,763 SF

      Mixed-Use Renovation Opportunity

      Mixed-use property requiring renovation in North Tonawanda, New York.
      301 Payne Avenue, North Tonawanda, NY 14120
      View Details
    • $79,900

      Vacant Land Ready For Construction

      Cleared 1.14-acre lot in Wheatfield, Starpoint School District.
      V/L Shawnee Road E, North Tonawanda, NY 14120
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime development land with frontage on Niagara Falls Blvd.
    Where is this commercial land located?
    The property is located at 3059 Niagara Fls Blvd North Tonawanda, NY.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Prime development parcel with C‑1 zoning.; Boasting 507' of frontage on Niagara Falls Blvd offering excellent exposure.; 4.3 +/- Acres available, providing ample space for development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Recckio
    Real Estate License ID: NY 31RE0821429
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!