Property
Tonawanda, NY 14150 116 Broad Street
$499,000



36 more





































Presented By: Vicki Kessinger with Coldwell Banker Integrity Real;
Home Details
REAL INCOME OPPORTUNITY FOR AN INVESTOR, DEVELOPER OR CONTRACTOR
Strategically located in the path of the Downtown Revitalization Initiative (DRI) is 14,125 square feet, a property well positioned for growth and economic repurposing. Your mixed-use vision could span from medical offices, contractor offices, showrooms, training centers or a preschool, any of which would thrive in this downtown centralized location at 116 Broad Street in Tonawanda. As well, it could provide for mixed use apartment living with its easy access to riverfront concerts, biking paths, shops, restaurants and pubs, a lifestyle much in demand in today's market. The building’s current stripped interior is a great blank sheet for design flexibility and tailored multiuse redevelopment.
As for the property’s aesthetic charm a perfect match could be a catering and events center while former school rooms could be linked to area culinary centers or a business hub and area academies. It's a prime location.
To date, an Asbestos Abatement Report has been done showing the property is free and clear, an estimate for thermal heat pumps has been provided by Noco Energy Corporation, and as well, the architect's drawing for six apartments in the stripped interior and the property survey are done.
This property constitutes a compelling investment opportunity with potential for strong returns. The current owner is relocating, creating an open door for a new owner to unleash the full potential of this property.
Presented By: Vicki Kessinger with Coldwell Banker Integrity Real;
Interior Features for 116 Broad Street
Bathrooms
Main Level Bathrooms0
Total Baths
Other Interior Features
BasementFull
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringConcrete, Hardwood, Varies
Heating Y/NNo
Total Fireplaces
Total Stories3
General for 116 Broad Street
AccessibilityOther
CityTonawanda
Construction MaterialsFrame, Masonry
CoolingOther, SeeRemarks
CountyErie
DirectionsCorner of Broad Street and Seymour Street
Elementary School DistrictTonawanda City
HeatingGas, Other, SeeRemarks, None
High SchoolTonawanda Senior High
High School DistrictTonawanda City
Lease Considered Y/NNo
Lot Size Square Feet13068.0
Lot Size UnitsAcres
MLS AreaTonawanda-City-141600
Middle/Junior School DistrictTonawanda City
Number Of Units Total
PossessionCloseOfEscrow
Possible UseOffice, Other, PlaceOfWorship
Property ConditionResale
Property Sub Type AdditionalBusiness, Apartment, MixedUse, Commercial, Other
Property SubtypeBusiness
Property TypeCommercialSale
RoofAsphalt, Flat
School DistrictTonawanda City
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount14029.0
Tax Assessed Value460000
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesElectricityAvailable, NaturalGasAvailable, WaterAvailable
Year Built1900
Year Built DetailsExisting
ZoningC2
Zoning DescriptionCommercial
Exterior for 116 Broad Street
Building Area Total14125.0
InclusionsLand and Building
Lot Dimensions99X132
Lot FeaturesIrregularLot
Lot Size Acres0.3
Lot Size Area0.3
Number of Buildings1
Parking FeaturesOffSite, OnSite
Total Parking20.0
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
N/A
Middle School
N/A
High School
Tonawanda Senior High
