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North Tonawanda, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in North Tonawanda, New York Market population: 31K. Explore income-producing properties with verified cap rates...

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📊 Average Cap Rate For North 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 North Tonawanda NY Properties: 1.8100%

⭐ 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 North Tonawanda NY

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

What is the overall investment potential of North Tonawanda, NY? +
The combination of a relatively low poverty rate of 10.4% and high health insurance coverage of 96.1% suggests a stable market with access to employment opportunities, making North Tonawanda an attractive location for real estate investment, especially considering the top industries in Public Administration and Manufacturing.
How does the commute time impact the quality of life for residents and potential renters? +
With an average commute time of 20.5 minutes and a high percentage of residents who drive alone or work from home, North Tonawanda offers a convenient and flexible lifestyle, which, when combined with a median household income of $45,967 and a median property value of $102,700, indicates a strong potential for rental demand.
What role does ethnic diversity play in the market demand for real estate in North Tonawanda? +
The city's ethnic diversity, led by White and White Non-Hispanic populations, along with its top industries in Finance & Insurance and Real Estate & Rental & Leasing, suggests a market with a mix of stable, long-term residents and a growing professional class, which can drive demand for both rental properties and homeownership.
How does the income inequality and poverty rate affect the tenant quality and stability in North Tonawanda? +
The GINI coefficient of 0.442, indicating moderate income inequality, combined with a poverty rate of 10.4%, suggests that while there are disparities in income, the overall economic stability and low poverty rate contribute to a relatively stable tenant base, with 96.1% health insurance coverage further reinforcing this stability.
What are the implications of the homeownership rate and median property taxes for real estate investors in North Tonawanda? +
The high homeownership rate of 68.9% and median property taxes of $9,299 imply a strong sense of community and investment in homes, which can lead to better maintenance of properties and a more stable neighborhood environment, making it an attractive option for investors looking for long-term appreciation and reliable rental income in a city with a median property value of $102,700.

North Tonawanda NY Real Estate & City Facts

Key facts and real estate information about North Tonawanda NY.

What are some of the best neighborhoods to live in North Tonawanda? +
Some of the best neighborhoods to live in North Tonawanda include Park-Zimmerman, the south parts of the city, and areas near Wurlitzer park and downtown. These neighborhoods offer a range of housing options and are considered desirable due to their proximity to local amenities and attractions.
What are some fun things to do in North Tonawanda? +
There are plenty of fun things to do in North Tonawanda, including visiting the Herschell Carrousel Factory Museum, catching a show at the Riviera Theatre, and exploring the city's waterfront parks like Gratwick Waterfront Park. You can also take a tour of the city's historic sites or visit the North Tonawanda History Museum to learn more about the area's history and culture.
What is the food scene like in North Tonawanda? +
The food scene in North Tonawanda is diverse and offers a range of options to suit different tastes and budgets. Some popular restaurants include Webster's Bistro & Bar, District 37 Kitchen & Taphouse, and Remington Tavern, which serve everything from seafood to American cuisine. There are also plenty of great food trucks and casual eateries to grab a quick bite or drink.
What are the pros and cons of living in North Tonawanda? +
The pros of living in North Tonawanda include its affordable housing options, rich history and culture, and proximity to local amenities and attractions. However, some cons include the city's limited job opportunities and higher crime rates in certain areas. Overall, North Tonawanda is a great option for those looking for a small-town feel with access to bigger city amenities.
Is North Tonawanda a good place to live? +
North Tonawanda can be a good place to live for those who value a small-town feel and a strong sense of community. The city has a lot to offer, from its historic sites and cultural attractions to its outdoor recreational opportunities and diverse food scene. However, it's worth considering the potential drawbacks, such as limited job opportunities and higher crime rates in certain areas. Ultimately, whether or not North Tonawanda is a good place to live depends on your individual priorities and preferences.
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