Property profile

661 Erie Ave North Tonawanda, NY 14120

OFF-MARKET
Investment properties
Property ID
US63-1403069
8,123 SF 0.56 ac lot Built 1952
Entity Owned 27-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,187-square-foot flex building presents a compelling investment opportunity in North Tonawanda, NY. Located at 661 Erie Ave, this single-story structure sits on a 0.75-acre lot and offers a 13-foot ceiling height, ideal for a variety of uses. The property boasts one loading dock, facilitating efficient shipping and receiving. Its strategic location within the North Tonawanda industrial corridor provides easy access to the 425, connecting to I-290, ensuring excellent regional access within Western New York and convenient connectivity to the bridges leading to Canada. This makes it an attractive option for businesses seeking a US base with proximity to Canadian border crossings. The asking price is $475,000, translating to $58.02 per square foot. The property's versatility makes it suitable for various businesses, including light manufacturing, light distribution, technology services, and manufacturers' representative businesses. This is a rare opportunity to acquire a well-situated industrial flex space in a thriving area. The property is zoned for industrial use and offers significant potential for growth and return on investment. The building's size and features make it an excellent choice for companies seeking a functional and strategically located space to expand their operations. The property is located in Niagara County, NY, zip code 14120.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1952
Total area 8,123 SF
Lot 0.56 ac (24,394 SF)
Zoning code C-2
APN 291200 182.14-1-24
UPID US63-1403069

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

661 Erie Ave North Tonawanda, NY 14120-4404
North Tonawanda metro Census 23302 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2024
Last sale
$420,000
1 recorded transaction
2024
$420,000

Zoning & alternative use

C-2 · North 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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