2436 Niagara Fls Blvd, Tonawanda, NY 14150-2922
This exceptional 50% occupied shopping center at 2436 Niagara Falls Blvd in Tonawanda, NY, presents a compelling redevelopment opportunity. Priced at $1,300,000, this mixed-use, special purpose property offers significant potential for investors seeking a prime location in Erie County. The corner lot provides excellent visibility and accessibility, making it ideal for a variety of uses. Currently operating at 50% occupancy, the existing tenants provide immediate cash flow while allowing for strategic repositioning and expansion. The property's classification as a shopping center suggests existing infrastructure suitable for retail businesses, potentially attracting a triple-net tenant or creating a vibrant plaza. The 14150 zip code boasts a strong demographic profile, further enhancing the investment potential. This property is a blank canvas for a visionary developer, offering the chance to create a thriving commercial hub in a desirable location. The existing structure provides a solid foundation for redevelopment, minimizing upfront costs and accelerating the return on investment. Serious inquiries are encouraged to explore the full potential of this unique opportunity. Detailed financial information and property specifics are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
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
C · Tonawanda, NYTonawanda. Always verify with local authorities before improvements.
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.