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    FOR LEASE
    Investment properties

    661 Erie Ave, North Tonawanda, NY 14120

    8,123 SF 0.56 ac lot Built 1952
    Entity Owned 27-yr Hold Free & Clear
    Property ID
    US63-1403069
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Diamond Tool Coating Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    BFP NEW YORK LLC · 2 yrs held
    BFP NEW YORK LLC
    since 2024
    Last sale
    $420,000
    1 recorded transaction
    2024
    $420,000
    Zoning & alternative use
    C-2 · North Tonawanda, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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