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Karin Morabito

karin@karinmorabitohomes.com +1(585) 290-6410

$ 2,300,000

Est. payment | -/mo

30,020 SqFt

Save

$ 2,300,000

Est. payment | -/mo

Save

30,020 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 30,020 sqft

Price per Sqft $76

Subdivision Mile Reserve

MLS Listing ID B1705257

Construction Status Existing

HOA Y/N No

Year Built 1936

Annual Tax Amount $16,791

Lot Size 1.300 Acres

Acres 1.3

Lot Dimensions 248X220

Property Sub-Type Commercial

Property Description

Investment opportunity in the highly sought-after Tonawanda industrial market! 126 E Niagara Street is a fully occupied, ±30,748 SF multi-tenant industrial warehouse situated on approximately 1.30 acres. Featuring durable masonry construction, multiple drive-in overhead doors, approximately 50 on-site parking spaces, and flexible industrial layouts, the property accommodates a variety of manufacturing, warehouse, contractor, and service-oriented tenants. The property offers stable in-place cash flow with gross annual rental income of $201,936 and NOI of approximately $120,484, along with meaningful upside potential through future lease restructuring and conversion toward NNN expense reimbursement. Conveniently located near I-190, I-290, Route 62, and the Peace Bridge, the property provides excellent access throughout Western New York and Southern Ontario. An attractive opportunity to acquire a stabilized industrial asset with dependable current income and future growth potential.

Location

State NY

County Erie

Community Mile Reserve

Area Tonawanda-City-141600

Zoning C

Interior

Heating Gas

Inclusions Building Only

Fireplace No

Exterior

Utilities Available Sewer Connected

Roof Type Asphalt

Total Parking Spaces 50

Building

Lot Description Irregular Lot

Story 2

Sewer Public Sewer

Level or Stories Two

Construction Status Existing

Schools

School District Tonawanda City

Others

Tax ID 141600-039-380-0003-004-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Symphony Real Estate LLC

NEARBY SCHOOL & BUSINESS

+1(585) 290-6410

karin@karinmorabitohomes.com

333 Metro Park, Rochester, NY 14623, USA

126 E Niagara ST Tonawanda, NY 14150