661 Erie Ave North Tonawanda, NY 14120-4404
- Investment properties
- 8,123 SF
- 0.56 lot acres
Current Use by Public Records
- Diamond Tool Coating / Manufacturer
Property Details for 661 Erie Ave
- Year built
- 1952
- Lot size
- 0.56 lot acres
- Property size
- 8,123 SF
- Zone code
- C-2
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 291200 182.14-1-24
- APU
- 29120018214124
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $220,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $295,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $270,000
- Mixed-Use
- $365,000
- Hospitality
- $315,000
- Educational
- $350,000
- Residential Income
- $315,000
- Energy
- $335,000
- Income-Based Land
- $305,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- North Tonawanda
- County
- Niagara
- State
- New York
- Longitude
- -78.8611
- Latitude
- 43.0403
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
