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Tonawanda, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Tonawanda, New York Market population: 58K. Compare commercial properties across all major asset classes...

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📊 Average Cap Rate For Tonawanda NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For Tonawanda NY Properties: 16.1000%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For Tonawanda NY

Common questions from investors exploring commercial real estate in Tonawanda NY.

What's the overall investment potential of Tonawanda, NY? +
With a median household income of $53,667, a relatively low poverty rate of 9.3%, and a high health insurance coverage rate of 96.5%, Tonawanda presents a stable investment market, especially considering its diverse top industries, including Public Administration, Manufacturing, and Information, which cater to a broad range of job opportunities and economic stability.
How does the commute and quality of life impact rental demand? +
The average commute time of 18.8 minutes, combined with a high percentage of residents who drive alone, carpool, or work from home, suggests a convenient and flexible lifestyle that could attract renters, particularly when paired with the area's low poverty rate and high health insurance coverage, indicating a stable and secure community.
What role does ethnic diversity play in the local market demand? +
The ethnic diversity, with top ethnicities being White, White Non-Hispanic, and Black, contributes to a culturally rich community, which can attract a wide range of residents and potentially boost rental demand, especially considering the area's strong employment numbers, with 29,787 employed individuals and top industries like Public Administration and Manufacturing.
How do property values and taxes influence investment decisions? +
The median property value of $115,400 and median property taxes of $18,561 need to be considered in the context of the area's median household income of $53,667 and the relatively high homeownership rate of 73.5%, suggesting that while property taxes are significant, the overall economic stability and low poverty rate of 9.3% could support investment in real estate, particularly for renters who benefit from the area's short average commute time and high health insurance coverage.
What are the implications of the area's economic inequality and foreign-born population on investment? +
The GINI coefficient of 0.386 indicates a moderate level of economic inequality, but when considered alongside the low poverty rate of 9.3%, high health insurance coverage of 96.5%, and a foreign-born rate of 3.4%, it suggests that Tonawanda has a relatively stable and integrated community, which could contribute to a stable rental market, especially given the diversity of top industries, including Public Administration, Manufacturing, and Information, supporting a broad range of job opportunities and economic activities.

Tonawanda NY Real Estate & City Facts

Key facts and real estate information about Tonawanda NY.

What are some of the best neighborhoods to live in Tonawanda? +
Some of the best neighborhoods to live in Tonawanda include Silver Diamond, which is known for its affordability and friendliness. Other neighborhoods, such as those around William St & Delaware St west of Ellicott Creek, are also considered decent places to live. It's worth noting that Tonawanda has a variety of great neighborhoods to choose from, each with its own unique character.
What are some fun things to do in Tonawanda? +
There are plenty of fun things to do in Tonawanda, including visiting Niawanda Park, the Historical Society of the Tonawandas Museum, and Escape City Buffalo. You can also explore the retail and dining scene, or check out the Niagara Aerospace Museum and Singer Castle. If you're looking for outdoor activities, the Ellicott Creek Trails are a great option.
What is the food scene like in Tonawanda? +
The food scene in Tonawanda is diverse and exciting, with a range of restaurants to choose from. Some popular options include Artusi, Prescott's Provisions, The Dapper Goose, and Roaming Bison Tavern. You can also find great seafood at places like Remington Tavern, Dockside Bar & Grill, and The Hideaway Grille. There are also plenty of great food trucks and casual eateries to try.
What are the pros and cons of living in Tonawanda? +
The pros of living in Tonawanda include its affordable neighborhoods, low crime rates, and friendly community. The city also has a lot to offer in terms of things to do and see, from outdoor activities to cultural attractions. However, some cons of living in Tonawanda include its relatively small size and limited job opportunities. Additionally, some areas of the city may be more prone to flooding due to its location near the Erie Canal.
Is Tonawanda a good place to live? +
Overall, Tonawanda is a great place to live for those who value a strong sense of community and a range of outdoor and cultural activities. While it may not be the best fit for everyone, particularly those looking for a more urban lifestyle, it is definitely worth considering for those who want a affordable and friendly place to call home.
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