116 S Broad Street, Tonawanda, NY

About 116 S Broad Street

SELLER MOTIVATED OFFERING A STRATEGIC PROPERTY in the Downtown Revitalization Initiative (DRI) with a potential Small Business Grant for the 14,125 square feet. In a prime evonomic opportunity location, this 3-component property is ideal for a mixed-use vision such as for contractor or medical offices, product showrooms and warehousing, catering, training centers, more of which would thrive in this downtown corridor at 116 Broad Street in Tonawanda. The property's aesthetic charm can invite apartment living (an estimated ten units) with its nearby access to biking paths, shops, restaurants and pubs, riverfront concerts, a lifestyle much demand in today's market. The building’s current stripped interior is a great blank sheet for design flexibility and out of the box redevelopment. An Asbestos Abatement Report has been done showing the property is free and clear, and an estimate for geothermal heat pumps has been provided by Noco Energy Corporation. This property constitutes a compelling investment opportunity with potential for consistent returns. The current owner has relocation plans creating an open door for a new owner to unleash the property's income potential in its new identify.

Listing Map