90 Pearce Ave Tonawanda, NY 14150
- Warehouses
- 11,564 SF
- 1.97 lot acres
Current Use by Public Records
- Diamond Heating / Heating Contractor
Property Details for 90 Pearce Ave
- Year built
- 1978
- Lot size
- 1.97 lot acres
- Property size
- 11,564 SF
- Zone code
- P-S
- Property type
- Warehouses
- APN
- 146489 52.15-1-6
- APU
- 146489521516
Description
This exceptional commercial property, located at 90 Pearce Ave in Tonawanda, NY, presents a unique investment opportunity. The 11,564 square foot building sits on a two-acre lot, offering a blend of approximately half warehouse and half traditional office space. Its strategic location just south of I-290 ensures excellent accessibility and visibility. The property includes a significant advantage with 1.25 acres of secure, gated outside lot storage, enhanced by security cameras. Ample parking is provided with a dedicated lot accommodating 20 vehicles. Currently, a tenant occupies roughly 15% of the building. The property is zoned Commercial P-S (Performance Standard) and benefits from its designation within an SBA Certified HUBZone. The asking price is $1,299,000, translating to $112.33 per square foot. This property offers a compelling combination of space, location, and security features, making it ideal for a variety of commercial uses. The existing tenant provides immediate income potential. The expansive outdoor storage area adds significant value, particularly for businesses requiring secure storage solutions. This is a rare opportunity to acquire a well-situated, versatile commercial property in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $575,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $470,000
- 6.5%
- $475,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $435,000
- Mixed-Use
- $545,000
- Hospitality
- $430,000
- Educational
- $570,000
- Residential Income
- $505,000
- Energy
- $520,000
- Income-Based Land
- $465,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Tonawanda
- County
- Erie
- State
- New York
- Longitude
- -78.8951
- Latitude
- 42.9925
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA