Prime Prime investment opportunity in booming downtown North Tonawanda. Partnership breakup requires sale of partially developed building. The ground floor is fully occupied with solid commercial restaurant tenants and a NY State Government agency. The 2nd floor apartments are framed out but not complete. There is plenty of space in this building to add additional revenue. The NOI is based on actual rental income. A pro-forma would put this building well north of three million. The improvements to the property included: new electrical service, new plumbing services, many all new HVAC unites throughout, windows and extensive improvements to accommodate the existing tenants. These capital improvements are not reflected in the NOI. A must tour to understand the enormous upside this property offers. Additional Pictures, plans and drawings available
Property Details
Price:
$2,900,000
MLS #:
B1706628
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subdivision:
Mile Reserve
Neighborhood:
northtonawandacity291200
Listed Date:
Aug 12, 2026
Finished Sq Ft:
41,549
Total Sq Ft:
41,549
Lot Size:
14,533 sqft / 0.33 acres (approx)
Year Built:
1900
See this Listing
Schools
School District:
North Tonawanda
Interior
Cooling
Central Air
Flooring
Concrete, Linoleum, Vinyl
Heating
Gas, Forced Air
Levels
Two
Exterior
Construction Materials
Masonry, Metal Siding, Other
Lot Features
Rectangular, Rectangular Lot
Parking Features
Common
Parking Spots
200
Parking Total
200
Roof
Flat
Stories
2
Financial
Taxes
$8,386
Map
Community
- Address54 Webster Street North Tonawanda NY
- SubdivisionMile Reserve
- CityNorth Tonawanda
- CountyNiagara
- Zip Code14120
Subdivisions in North Tonawanda
- B
- Bush Meadows
- City/North Tonawanda
- County/Niagara
- George P Smith & August J
- George P Smith & Augusta
- Holland Land Companys
- Holland Land Companys Pur
- Ironton Add/Vlg/North Ton
- Mile Reservation
- Mile Reserve
- Mile Reserves
- Niagara Reserve
- Niagara River Reservation
- Peter Emslies
- Section 17619
- Wurlitzer Park
- Wurlitzer Park Pt 12
Market Summary
Current real estate data for Commercial in North Tonawanda as of Aug 27, 2026
6
Commercial Listed
245
Avg DOM
102
Avg $ / SqFt
$1,041,633
Avg List Price
Property Summary
- Located in the Mile Reserve subdivision, 54 Webster Street North Tonawanda NY is a Commercial for sale in North Tonawanda, NY, 14120. It is listed for $2,900,000
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Courtesy of Pearl Properties of NY LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 54 Webster Street
North Tonawanda, NY