Discover a prime mixed-use opportunity at 1 Grove Street, Tonawanda, NY! This corner lot property features a bright, move-in-ready office space on the main floor, freshly painted and perfect for immediate occupancy. The unique garage offers flexible storage or workshop options, with one space currently rented at $250/month. On the second floor, you'll find four residential units (one ready for renovation). Benefit from plenty of street parking, plus dedicated spaces for four cars. Located near Niagara River attractions, restaurants, and shops, it’s ideally priced with a 7% CAP rate—plant your business on the main floor and let rental income cover your expenses! Cross Listed under commercial MLS# B1572451
Collateral Analytics
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ICE
ICE Mortgage Technology
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First American
First American
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Quantarium
Quantarium
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Average Value
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List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2024
--
$190,000
$33,800
$156,200
2023
$2,748
$190,000
$33,800
$156,200
2022
$2,780
$125,000
$10,400
$114,600
2021
$2,769
$125,000
$10,400
$114,600
2020
$2,738
$125,000
$10,400
$114,600
2019
$4,207
$125,000
$10,400
$114,600
2018
$2,667
$125,000
$10,400
$114,600
2017
$624
$103,100
$10,400
$92,700
2016
$2,427
$103,100
$10,400
$92,700
2015
--
$103,100
$10,400
$92,700
2014
--
$103,100
$10,400
$92,700
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
05/21/202505/21/25
For Sale
$395,000
0.0%
$50 / Sq Ft
05/09/202505/09/25
Pending
--
--
--
05/02/202505/02/25
Price Changed
$395,000
-10.2%
$50 / Sq Ft
03/13/202503/13/25
Price Changed
$439,999
-7.4%
$56 / Sq Ft
02/24/202502/24/25
Price Changed
$475,000
-5.0%
$60 / Sq Ft
01/29/202501/29/25
Price Changed
$499,999
-2.9%
$63 / Sq Ft
12/17/202412/17/24
Price Changed
$514,999
-1.9%
$65 / Sq Ft
10/28/202410/28/24
For Sale
$525,000
--
$67 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)
Great opportunity for two two unit buildings across from the Niagara River and Niawanda Park. Such a beautiful spot with a great park and just down the street from Mississippi Mud. 285 Niagara has a two bedroom one bath apartment rented month to month as well as a one bedroom unit that is available for occupancy at closing. There is a full basement with two sets of washers and dryers so that each
Beautiful Renovated 2 family house for sale. Featuring 4 bed, 2 full bath, living, dining, kitchen on 1st floor. 4 bed, 2 bath, living, dining,kitchen on 2nd floor. Basement is full finished with 1 bath, separate entrance. Close to Niagara Falls. Close to shops and everything.
This home is located at 1 Grove St, Tonawanda, NY 14150 and is currently priced at $395,000, approximately $50 per square foot. This property was built in 1900. 1 Grove St is a home located in Erie County with nearby schools including Riverview Elementary School, Tonawanda Elementary School, and Tonawanda Middle High School.
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