Property profile

2436 Niagara Fls Blvd Tonawanda, NY 14150

OFF-MARKET
Motels
Property ID
US63-3274593
8,629 SF 1 ac lot Built 1951
Individually Owned Free & Clear
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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

Location

2436 Niagara Fls Blvd Tonawanda, NY 14150-2922
Tonawanda metro Census 7901 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

Zoning & alternative use

C · Tonawanda, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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