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2718 Elmwood Ave
Tonawanda, NY 14217
Retail Property For Sale

Investment Highlights

  • 12,322 SF Commercial Building
  • High Daily Traffic Counts
  • Surrounded by Established Retail, Medical & Professional Users
  • Prime Elmwood Avenue Location
  • Heart of the Town of Tonawanda Commercial Corridor
  • Approved Mixed-Use Development Plans Included

Executive Summary

Positioned in the heart of the Town of Tonawanda's thriving commercial
corridor, 2718 Elmwood Avenue presents a rare opportunity to acquire a
highly visible commercial property with substantial redevelopment potential.
This 12,322 square foot building occupies a strategic location along one of
Western New York's most heavily traveled commercial thoroughfares,
offering exceptional exposure, accessibility, and long-term value. The
property benefits from strong traffic counts, excellent street presence, and
ample on-site parking, making it ideal for a variety of commercial, medical,
retail, office, or mixed-use applications. Located just minutes from Interstate
290 and the New York State Thruway, the site provides convenient regional
access while remaining surrounded by established neighborhoods, major
employers, healthcare facilities, and a diverse mix of successful businesses.
Adding to its appeal, the property includes approved plans for a 10-unit
mixed-use development featuring four commercial storefronts and six
residential apartments. This approved redevelopment concept offers
investors and developers a unique opportunity to capitalize on the growing
demand for mixed-use properties while benefiting from an already
established commercial location. Whether utilized as an existing commercial
facility, repositioned for a new business operation, or redeveloped under the
approved mixed-use plan, 2718 Elmwood Avenue offers flexibility, visibility,
and future upside in one of Erie County's most desirable commercial
markets. This is a rare chance to secure a prominent commercial asset with
immediate functionality and significant development potential in a proven
location.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,322 SF
Building Class
C
Year Built
1968
Price
$1,200,000
Price Per SF
$97.39
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.27 AC
Zoning
C
Parking
12 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
98’ on Elmwood Ave

Amenities

  • Corner Lot
  • Security System
  • Signage
  • Air Conditioning
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
146489-066-610-0006-017-000
Land Assessment
$55,000
Improvements Assessment
$124,300
Total Assessment
$179,300
  • Listing ID: 40803009

  • Date on Market: 6/5/2026

  • Last Updated:

  • Address: 2718 Elmwood Ave, Tonawanda, NY 14217

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