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    OFF-MARKET
    Motels

    2436 Niagara Fls Blvd, Tonawanda, NY 14150-2922

    8,629 SF 1 ac lot Built 1951
    Individually Owned Free & Clear
    Property ID
    US63-3274593
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1951
    Total area 8,629 SF
    Lot 1 ac (43,560 SF)
    Zoning code C
    APN 146489 40.47-2-3.1
    UPID US63-3274593
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    KHALIL SALLAJ
    KHALIL SALLAJ
    Zoning & alternative use
    C · Tonawanda, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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