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126 E Niagara St 30,748 SF 100% Leased Industrial Building Tonawanda, NY 14150 $2,300,000 ($74.80/SF) 5.24% Cap Rate
Executive Summary
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.
Property Facts
| Price | $2,300,000 | Lot Size | 1.30 AC |
| Price Per SF | $74.80 | Rentable Building Area | 30,748 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 5.24% | Year Built | 1936 |
| Property Type | Industrial | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $2,300,000 |
| Price Per SF | $74.80 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.24% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.30 AC |
| Rentable Building Area | 30,748 SF |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 1.63/1,000 SF |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 141600-039-380-0003-004-000 | Improvements Assessment | $1,178,000 |
| Land Assessment | $92,000 | Total Assessment | $1,270,000 |
Property Taxes
Parcel Number
141600-039-380-0003-004-000
Land Assessment
$92,000
Improvements Assessment
$1,178,000
Total Assessment
$1,270,000
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