116 Broad St - Churches FOR SALE


Tonawanda, NY 14150
$300,000 USD
716-870-3273
116 Broad St, Tonawanda, NY for Sale
$300,000 USD
Churches - FOR SALE
1/15
null | Request Cap Rate

116 Broad St
Tonawanda, NY 14150


HIGHLIGHTS

  • Former Church
  • Prime Opportunity in downtown corridor
  • Unlimited Potential

OVERVIEW

SELLER MOTIVATED OFFERING A STRATEGIC PROPERTY in the Downtown Revitalization Initiative (DRI) with a potential Small Business Grant for the 14,125 square feet. In a prime economic opportunity location, this 3-component property is ideal for a mixed-use vision such as for contractor or medical offices, product showrooms and warehousing, catering, training centers, more of which would thrive in this downtown corridor at 116 Broad Street in Tonawanda. The property's aesthetic charm can invite apartment living (an estimated ten units) with its nearby access to biking paths, shops, restaurants and pubs, riverfront concerts, a lifestyle much demand in today's market. The building’s current stripped interior is a great blank sheet for design flexibility and out of the box redevelopment. An Asbestos Abatement Report has been done showing the property is free and clear, and an estimate for geothermal heat pumps has been provided by Noco Energy Corporation. This property constitutes a compelling investment opportunity with potential for consistent returns. The current owner has relocation plans creating an open door for a new owner to unleash the property's income potential in its new identify.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

ADD'L SUBTYPES

Lodge/Meeting Hall, Religious Facility, Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

commercial

APN/PARCEL ID

141600-039-450-0003-013-000

ASK ABOUT THIS PROPERTY

Brenda BrazeauColdwell Banker IntegrityMore Info
716-870-3273

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Brenda BrazeauColdwell Banker IntegrityMore Info
716-870-3273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.