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    1465 Payne Ave North Tonawanda, NY 14120

    Sponsored
    For Sale
    $475,000

    8,736 SF Office, Medical Potential

    Property size:
    8,736 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 8,736 square foot office building, located at 1465 Payne Avenue in North Tonawanda, NY, presents a unique investment opportunity. Built in 1955 and renovated in 2010, this Class B property boasts significant frontage on Payne Avenue, offering excellent visibility and accessibility. Currently configured as traditional office space, it's ideally suited for an owner-user seeking a versatile space. The asking price is $475,000, translating to $54.37 per square foot. The property's substantial plumbing infrastructure presents significant potential for conversion to medical offices or even residential units, making it an attractive option for a variety of uses. Its location in Niagara County, NY, zip code 14120, offers convenient access to local amenities and transportation. The property features one building with ample space across three stories, and the Assessor's Parcel Number (APN) is 175.16-2-49.2. This is a rare opportunity to acquire a well-located, adaptable property with significant upside potential. Consider the possibilities this versatile building offers for your business or investment portfolio. Don't miss this chance to own a piece of North Tonawanda's commercial landscape.

    Property Features for 1465 Payne Ave

    General Information

    Property type
    Medical offices
    Square Feet
    8,736 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1955/2010
    Buildings
    1
    Stories
    3

    HighLights

    • Owner‑user opportunity.
    • Ideal for adaptive reuse.
    • Prime Payne Avenue frontage.
    • Extensive plumbing infrastructure suitable for medical or residential conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

    MSGR Carr Childrens ... Doctor Sirianni Katherine Counselor Sarah Gray Psychologist Beth Tripi Social Worker Julie Golubski Nurse Practitioner

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    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
    -78.8876112
    Latitude
    43.0604374

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    FAQs

    What type of property is this?
    Medical office - 8,736 SF Office, Medical Potential
    Where is this medical office located?
    The property is located at 1465 Payne Ave North Tonawanda, NY.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Owner-user opportunity.; Ideal for adaptive reuse.; Prime Payne Avenue frontage.
    Request Owner's contact information
    1465 Payne Ave 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
    1465 Payne Ave North Tonawanda, NY 14120
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