11 Felton St North Tonawanda, NY 14120
- Industrial properties
- 6,627 SF
- 2.40 lot acres
Current Use by Public Records
- Robin’s Nest Gift Boutique and Art Center / Gift Shop
Property Details for 11 Felton St
- Year built
- 1940
- Lot size
- 2.40 lot acres
- Property size
- 6,627 SF
- Zone code
- M-2
- Property type
- Industrial properties
- APN
- 291200 181.08-2-21
- APU
- 29120018108221
Description
This exceptional mixed-use property in North Tonawanda, NY, presents a unique investment opportunity. Situated on a 1.6-acre lot at the highly visible intersection of River Road (18,376 vehicles per day) and Felton Street (3,179 vehicles per day), this property boasts over 380 feet of frontage along River Road, ensuring maximum exposure. The existing building comprises a 1,200 square foot retail space, seamlessly connected to a 2,700 square foot flex space, offering versatility for a variety of uses. Adding to its appeal is a substantial 6,500 square foot garage, providing ample storage or workshop potential. The property's strategic location and diverse building components make it ideal for a range of businesses, from quick-service restaurants (QSR) to warehousing and retail operations. The asking price is $550,000. This property is zoned for industrial, mixed-use, and retail purposes, offering significant flexibility for future development or expansion. The address is 11 Felton Street, North Tonawanda, NY 14120, in Niagara County. This is a rare opportunity to acquire a well-positioned property with significant income potential in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $295,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $345,000
- Mixed-Use
- $355,000
- Hospitality
- $370,000
- Educational
- $300,000
- Residential Income
- $370,000
- Energy
- $325,000
- Income-Based Land
- $350,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- North Tonawanda
- County
- Niagara
- State
- New York
- Longitude
- -78.8889
- Latitude
- 43.0476
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA