116 Broad St

In a prime economic opportunity location, this 14,125-sf property is ideal for a mixed-use vision such as for a winery or brewing company, contractor or medical offices, product showrooms and warehousing, catering, training centers, any of which would thrive in this downtown corridor at 116 Broad Street in Tonawanda. The area is being discovered with multi-million-dollar projects (see below). The property's aesthetic charm invites apartment living with its nearby access to pubs, eateries, shops, biking paths and riverfront concerts, fitting today's market. The building’s current 3-component areas allow for your vision with potential separate phased-development, and its stripped interior is a great blank sheet providing for design flexibility. An Asbestos Abatement Report has been done showing the property is free and clear, and an estimate for geothermal heat pumps was undertaken by Nocco Energy Corporation. With the $10 million Downtown Revitalization Initiative monies awarded to Tonawanda business projects, and two multi-million dollar anticipated business and residential projects, this city is on the move. Near to this property is planned an intermodal hub, feeding into downtown and waterfront connections. Be among the first to capitalize on this exciting business expansion. Taxes were recently reduced as per the assessor's office and have dropped a little over 10k to $13,381.