0 Crescent Dr North Tonawanda, NY 14120
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.