445 Tremont St North Tonawanda, NY 14120
- Commercial real estate
- 85,000 SF
Current Use by Public Records
- Kaleida Health Blood Draw Laboratory / Medical Laboratory
- Kevin D. Mills, Pharm / Pharmacy
- Karen M. Harms, R / Pharmacy
- American Red Cross Donor Center North Tonawanda / Non-Profit Organization / Volunteer Organization
- DeGraff Memorial Hospital: Emergency Room / Emergency Room
Property Details for 445 Tremont St
- Property size
- 85,000 SF
- Property type
- Commercial real estate
Description
This exceptional redevelopment opportunity presents a unique chance to acquire a substantial 85,000 square foot property in North Tonawanda, New York. The property, a portion of the former DeGraff Memorial Hospital, is a five-story building with flexible floor plates, offering significant potential for adaptive reuse. The building is currently vacant and zoned for Federal Opportunity Zone designation, presenting attractive investment incentives. A key feature is the convenient location at the signalized intersection of Tremont Street and Twin Cities Memorial Highway, providing excellent visibility and accessibility. The site also benefits from easy access to I-290, making it strategically positioned for both Niagara and Erie County residents. The building includes a mechanical room situated on a sixth floor. Given its size, location, and zoning, this property is particularly well-suited for multi-family redevelopment or affordable housing projects, offering a compelling investment prospect with substantial upside potential. The property's strategic location and Federal Opportunity Zone status combine to create a rare and attractive investment opportunity. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Tonawanda
- County
- Niagara
- State
- New York
- Longitude
- -78.862146
- Latitude
- 43.025128
