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High-Traffic Corner Retail or Adaptive Reuse 3640 Delaware Ave 26,000 SF Vacant Retail Building Online Auction Sale Tonawanda, NY 14217
Matterport 3D Tour
Investment Highlights
- Vacant 26,000-SF retail asset on a 1.26-acre corner parcel offering owner-user flexibility and significant leasing potential for value-add investors.
- Mostly shell-condition with open retail areas, office space, storage, and two dock doors, perfect for retail, distribution, or service uses.
- Positioned along a major commuter corridor with direct connectivity to I-190 and I-290, enhancing accessibility for regional commuters and shoppers.
- Signalized corner visible to 20,000+ daily vehicles, with steady traffic from nearby retailers such as Aldi, CVS, Starbucks, Chipotle, and more.
- Highly visible pylon signage and on-site parking for 70 vehicles supports retail, service, showroom, or other traffic-dependent operations.
- Affluent 3-mile trade area of more than 127,500 residents, with an average household income of $84,900+ and more than $1.58B in annual spending.
Executive Summary
3640 Delaware Avenue presents an exceptional acquisition for both owner-users or investors, offering a vacant, 26,000-square-foot retail asset with a highly visible location in Tonawanda, New York.
Situated on a 1.26-acre corner lot at the signalized intersection of Delaware Avenue and Thorncliff Road, the property benefits from strong visibility, convenient access, and daily traffic counts exceeding 20,000 vehicles. Formerly occupied by a grocery retailer, the building features a flexible, mostly open layout, dedicated office space, two dock loading doors, pylon signage, and parking for approximately 70 vehicles. Delivered in mostly shell condition, the asset offers a blank canvas for a new owner to tailor the space to specific operational needs or execute a value-add leasing strategy. The site's General Commercial zoning permits a wide range of possible uses, creating added potential for strategic conversion or adaptive reuse projects.
The property's location further strengthens its appeal. Delaware Avenue serves as a major commercial corridor with direct connectivity to Interstates 190 and 290, providing efficient access throughout the Buffalo metropolitan area. The surrounding retail environment includes a diverse mix of national brands such as Tops Friendly Markets, Planet Fitness, CVS, Aldi, Starbucks, Jersey Mike’s Subs, Chipotle, and Panera Bread, creating consistent consumer activity and reinforcing the corridor's retail draw.
The strength of the surrounding trade area provides additional support for future business and investment growth. Within a 3-mile radius, the area is home to more than 127,500 residents with average household incomes exceeding $84,900 and over $1.58 billion in annual consumer spending. These favorable demographics support a wide range of retail and service-oriented uses with dependable customer activity. Investors will also find strong support in this competitive submarket, where retail vacancies sit at just 4.9%, no new space is currently under construction, and rents have grown an average of 2.5% annually during the past five years. These attractive fundamentals create ideal conditions for sustained tenant demand and asset appreciation in the market.
In summary, 3640 Delaware Avenue delivers a compelling opportunity for businesses and investors seeking a flexible retail asset with a prominent location and long-term growth potential in Erie County.
Property tours are by appointment only. Please contact the listing broker to schedule.
Situated on a 1.26-acre corner lot at the signalized intersection of Delaware Avenue and Thorncliff Road, the property benefits from strong visibility, convenient access, and daily traffic counts exceeding 20,000 vehicles. Formerly occupied by a grocery retailer, the building features a flexible, mostly open layout, dedicated office space, two dock loading doors, pylon signage, and parking for approximately 70 vehicles. Delivered in mostly shell condition, the asset offers a blank canvas for a new owner to tailor the space to specific operational needs or execute a value-add leasing strategy. The site's General Commercial zoning permits a wide range of possible uses, creating added potential for strategic conversion or adaptive reuse projects.
The property's location further strengthens its appeal. Delaware Avenue serves as a major commercial corridor with direct connectivity to Interstates 190 and 290, providing efficient access throughout the Buffalo metropolitan area. The surrounding retail environment includes a diverse mix of national brands such as Tops Friendly Markets, Planet Fitness, CVS, Aldi, Starbucks, Jersey Mike’s Subs, Chipotle, and Panera Bread, creating consistent consumer activity and reinforcing the corridor's retail draw.
The strength of the surrounding trade area provides additional support for future business and investment growth. Within a 3-mile radius, the area is home to more than 127,500 residents with average household incomes exceeding $84,900 and over $1.58 billion in annual consumer spending. These favorable demographics support a wide range of retail and service-oriented uses with dependable customer activity. Investors will also find strong support in this competitive submarket, where retail vacancies sit at just 4.9%, no new space is currently under construction, and rents have grown an average of 2.5% annually during the past five years. These attractive fundamentals create ideal conditions for sustained tenant demand and asset appreciation in the market.
In summary, 3640 Delaware Avenue delivers a compelling opportunity for businesses and investors seeking a flexible retail asset with a prominent location and long-term growth potential in Erie County.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Supermarket
Building Size
26,000 SF
Building Class
C
Year Built
1941
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.47
Lot Size
1.26 AC
Parcel Number
146489-066-220-0005-017-100
Zoning
C-2. M-F, C General Bus - Commercial General
Parking
70 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
139’ on Delaware Ave
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
15,873
127,573
298,911
2020 Population
16,235
134,028
308,241
2030 Population
15,763
125,878
296,162
2025-2030 Projected Population Growth
-0.7%
-1.3%
-0.9%
Daytime Employees
8,697
58,890
140,945
Total Businesses
865
5,548
14,207
Average Household Income
$86,755
$84,593
$84,903
Median Household Income
$68,249
$67,001
$63,614
Total Consumer Spending
$202.7M
$1.6B
$3.4B
Median Age
43.4
40.8
37.7
2025 Households
7,366
58,094
127,287
Percent College Degree or Above
22%
20%
20%
Average Home Value
$234,595
$233,170
$264,590
Nearby Major Retailers
Sale Advisor
Sale Advisor
Michael R. Demyan, Real Estate Salesperson
Michael R. Demyan is a Licensed Real Estate Salesperson with Cushman & Wakefield / Pyramid Brokerage Company. Michael was raised in Amherst, NY and has been a part of the Western New York community for his entire life and has substantial knowledge of the Buffalo-Niagara Region. While attending the University at Buffalo, Michael volunteered as a Research Assistant for both the Department of Behavioral Neuroscience and the Center for Hearing and Deafness. He received awards for excellence in undergraduate research for his part in several drug addiction research projects for the Department of Behavioral Neuroscience. After graduating with a BA in Psychology with a focus in Neuroscience Research, Michael took a position as a general manager for a restaurant/catering company in the Amherst area. After three years with the company, Mike’s desire to become involved in commercial real estate in the Western New York area led him to join Cushman & Wakefield / Pyramid Brokerage Company.
Michael’s extensive education, experience with running a small business, and knowledge of the local community gives him a well-rounded set of skills to successfully represent you in your commercial real estate decisions. His diverse background in research, marketing, and negotiating will allow him to create the best strategy available to fit your needs and goals. Whether you’re looking to buy, sell, lease, or just need a brief question answered about real estate please don’t hesitate to contact him at any time.
Michael’s extensive education, experience with running a small business, and knowledge of the local community gives him a well-rounded set of skills to successfully represent you in your commercial real estate decisions. His diverse background in research, marketing, and negotiating will allow him to create the best strategy available to fit your needs and goals. Whether you’re looking to buy, sell, lease, or just need a brief question answered about real estate please don’t hesitate to contact him at any time.
About the Auction Technology
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Victoria Quade
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
High-Traffic Corner Retail or Adaptive Reuse | 3640 Delaware Ave
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High-Traffic Corner Retail or Adaptive Reuse | 3640 Delaware Ave
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