564 Young St Tonawanda, NY 14150
- Investment properties
- 4,170 SF
- 0.31 lot acres
Current Use by Public Records
- Investment properties
Property Details for 564 Young St
- Year built
- 1954
- Lot size
- 0.31 lot acres
- Property size
- 4,170 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 141600 53.06-2-4.11
- APU
- 14160053062411
Description
This 4,170 square foot commercial building in Tonawanda, NY, presents a unique opportunity for business owners. Situated on a 0.31-acre lot, the property offers ample parking. The interior boasts four large, private offices, perfect for executive suites or individual businesses. Two spacious open areas provide flexibility for various uses, such as a bullpen workspace or additional office space. Currently configured for a single tenant, the building is easily divisible into two separate units, each with its own entrance and restroom. A single break room currently serves the entire space. The building's convenient location offers easy access to downtown and the Northtowns via the 290, just minutes from the Colvin exit. Recent upgrades include a two-year-old furnace and hot water tank. Additional features include an exhaust hood, upstairs storage, and extra flooring materials. The existing roofing will remain. This property is priced at $330,000 and represents a strong investment opportunity for a variety of commercial ventures. The combination of size, layout, and location makes this an exceptional opportunity for expansion or a new business venture.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $110,000
- 6.5%
- $130,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $130,000
- Retail
- $100,000
- Mixed-Use
- $105,000
- Hospitality
- $100,000
- Educational
- $130,000
- Residential Income
- $100,000
- Energy
- $100,000
- Income-Based Land
- $105,000
- Food Service
- $100,000
Location Insight
- Map
- Local Demand
- City
- Tonawanda
- County
- Erie
- State
- New York
- Longitude
- -78.8625
- Latitude
- 43.0077
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA