Property Description
REAL INCOME OPPORTUNITY FOR AN INVESTOR, DEVELOPER OR CONTRACTOR
Strategically located in the path of the Downtown Revitalization Initiative (DRI) is 14,125 square feet, a property well positioned for growth and economic repurposing. Your mixed-use vision could span from medical offices, contractor offices, showrooms, training centers or a preschool, any of which would thrive in this downtown centralized location at 116 Broad Street in Tonawanda. As well, it could provide for mixed use apartment living with its easy access to riverfront concerts, biking paths, shops, restaurants and pubs, a lifestyle much in demand in today’s market. The building’s current stripped interior is a great blank sheet for design flexibility and tailored multiuse redevelopment.
As for the property’s aesthetic charm a perfect match could be a catering and events center while former school rooms could be linked to area culinary centers or a business hub and area academies. It’s a prime location.
To date, an Asbestos Abatement Report has been done showing the property is free and clear, an estimate for thermal heat pumps has been provided by Noco Energy Corporation, and as well, the architect’s drawing for six apartments in the stripped interior and the property survey are done.
This property constitutes a compelling investment opportunity with potential for strong returns. The current owner is relocating, creating an open door for a new owner to unleash the full potential of this property.
