$299,900

2877 Niagara Street, Tonawanda, NY 14207

5,425 sqft

Commercial Property
Built in 1920
6,756sqft lot
—— car garage
$55/sqft
Listed 2 months ago

Property Description

This rare waterfront property combines residential comfort with commercial potential in one versatile package. The mixed-use layout includes three units: a street-level space zoned for business plus two residential apartments. You can choose to live upstairs while operating your own business on the first floor, or lease out all three units for steady income. Currently, the first-floor commercial unit is leased at $1,550/month through May 2026, providing immediate cash flow. The upper rear residential unit is also tenant-occupied at $800/month with a lease through May 2026. The additional upper-level unit offers flexibility for an owner-occupant or additional rental income (estimated rental rate $1100/mo). Recent improvements add peace of mind, including a brand new roof installed in March 2024 with a transferable 15-year warranty, along with two additional gas meters added the same year. Entrepreneurs will appreciate the opportunity to establish a business in a high-visibility location, while investors can take advantage of the flexible rental income stream. Whether you’re looking for a place to live, invest, or work, this property offers endless possibilities along one of the most desirable stretches of waterfront in Niagara. Cross listed as Multi - B1633332

Listing Status:: Active
Date Added:: September 8, 2025 at 05:00AM
Listing Office:: Red Door Real Estate WNY LLC : 716-768-1177
Listing Agent:: Renee J Moran : 716-866-8361
MLS ID:: B1636557

Basement: Full
Flooring: HardwoodVaries
A/C: OtherSee Remarks
Heating: GasOtherSee RemarksForced Air
Fireplace: Fireplaces: 0

Parking: Parking spaces: 2

Roofing: Shingle
General: 2

Originating MLS: NYS_B
School District: Kenmore-Tonawanda Union Free District
County: Erie

Zoning: C146489-077-310-0006-009-000

Utilities: Sewer ConnectedWater Connected
Water: Public
Sewer: Public Sewer

Source: NYS_B

This listing courtesy of Renee J Moran, Red Door Real Estate WNY LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Holmes Elementary School

365 Dupont Ave, Tonawanda, NY, 14150

Grades KG-4

1.50 miles away

Kenmore West High School

33 Highland Pkwy, Buffalo, NY, 14223

Grades 8-12

2.76 miles away

Kenmore West High School

33 Highland Pkwy, Buffalo, NY, 14223

Grades 8-12

2.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.