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    OFF-MARKET
    Churches & religious facilities

    383 Wheatfield St, North Tonawanda, NY 14120

    22,584 SF 0.48 ac lot
    Property ID
    US63-1705160
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Churches & religious facilities
    Total area 22,584 SF
    Lot 0.48 ac (20,909 SF)
    UPID US63-1705160
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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