383 Wheatfield St, North Tonawanda, NY 14120
This exceptional 22,584 square foot property, located at 383 Wheatfield Street in North Tonawanda, NY, presents a unique investment opportunity. The former Lighthouse Baptist Church, a well-maintained three-story building, underwent renovations in 2021, resulting in excellent condition for its roof and mechanical systems. The building boasts a variety of spaces, including classrooms, a gymnasium, a sanctuary, a meeting hall, and a commercial kitchen, making it suitable for diverse uses. The R-2 zoning permits multi-family development, adding significant potential. Situated on a 0.48-acre lot, this highly visible corner property offers 40 on-site parking spots and benefits from its prime location in a vibrant community, with easy access to the Twin Cities Memorial Highway and numerous area amenities. The asking price is $799,000, translating to $35.38 per square foot. This single-unit building offers a compelling opportunity for religious organizations, multi-family developers, non-profit entities, or professional office users seeking a versatile and well-maintained space in a desirable location. The property's recent renovations, ample parking, and flexible zoning make it an attractive investment with significant upside potential. The building's size and layout provide ample space for a variety of uses, while its location ensures high visibility and accessibility. This is a rare opportunity to acquire a substantial property in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.