131 Fillmore Ave Tonawanda, NY 14150
- Manufacturing properties
- 23,760 SF
- 2.80 lot acres
Current Use by Public Records
- Treyco Products Corp / Industrial Manufacturer / Production Facility
- Manth Manufacturing / Industrial Manufacturer
Property Details for 131 Fillmore Ave
- Year built
- 1950
- Lot size
- 2.80 lot acres
- Property size
- 23,760 SF
- Property type
- Manufacturing properties
- APN
- 141600 39.47-1-1.111
- APU
- 141600394711111
Description
This exceptional industrial property in Tonawanda, NY, offers a unique opportunity. The site encompasses three buildings totaling 23,760 square feet on a 2.8-acre lot, strategically located minutes from downtown Tonawanda. The main warehouse, approximately 24,000 square feet, features climate control, 12-16 foot ceilings, and roughly 3,000 square feet of office space including private offices, reception, break room, conference room, and lab space. Built in 1950 with subsequent additions, it benefits from ample electricity via a separate transformer. Access includes one grade-level door and convenient street access. A second building, approximately 3,600 square feet, boasts 20-foot ceilings, heat, rough plumbing, a 14-foot overhead door, and two loading docks with a concrete ramp connecting to the main building. A third building, a roughly 1,800-square-foot pole barn, provides additional storage. The property also includes a fenced concrete slab ideal for large vehicle parking. Three curb cuts on Fillmore Avenue offer excellent access, and additional green space allows for future expansion. Environmental reports from the DEC confirm the property's clean status. The main warehouse is currently leased to Manth Manufacturing with two years remaining on their lease. The property enjoys easy access to major roadways, including the Twin Cities Memorial Highway and I-290, placing it within close proximity to North Tonawanda, Niagara Falls, Downtown Buffalo, and the US/Canadian border. Zoned industrial, this property presents a compelling investment or expansion opportunity.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,740,000
- 6.5%
- $1,605,000
- 7%
- $1,490,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,386,000
- AI Estimate
- $1,065,000
Market price range: $353k - $1.39MMarket price range: $372k - $1.07M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $825,000 Current use
- COMMERCIAL (GENERAL)
- $1,830,000 Change: +122% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,470,000 Change: +78% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Tonawanda
- County
- Erie
- State
- New York
- Longitude
- -78.8703
- Latitude
- 43.0188
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
