Property Description

Positioned along a high-visibility corridor in Tonawanda, 2949 Elmwood Ave offers a rare opportunity to acquire a large eight-unit office building with significant value-add potential. The property features separate utilities, allowing flexible leasing options for investors or owner-occupants seeking to control operating costs. Currently, an urgent care medical center occupies two of the spaces, a 3rd medical office , providing an established commercial presence and steady activity at the property. Five units are vacant and ready for immediate occupancy, making this an excellent opportunity for an owner-occupant business, medical practice, or investor seeking to lease up the remaining suites. The building benefits from solid mechanical systems, practical layouts for professional offices, and a large on-site parking lot, an important advantage for medical or professional tenants. The building is equipped with an elevator, is ADA compliant, and features an automatic opening front door for easy access. There are 30 parking spaces for the office and 15 spaces for the duplex. Located directly across from Kenmore Mercy Hospital, the property sits in a highly desirable location for medical, healthcare, and professional office users who benefit from proximity to the hospital and surrounding medical services. For buyers seeking additional scale, 2949 Elmwood Ave may also be purchased together with the neighboring property at 2939 Elmwood Ave, a duplex currently undergoing renovation. 2939 & 2949 Elmwood Avenue sit on a combined 0.51-acre parcel of prime commercial land along a high-traffic primary Street corridor, offering exceptional visibility, ample parking potential, and strong redevelopment or owner-occupant opportunities. This is a compelling opportunity for a National Retailer investors, medical users, mixed use, food court, or owner-occupants looking to secure a well-located office property with strong upside and leasing potential in a prime Tonawanda location. The owner will consider holding a mortgage on 2949 Elmwood for a qualified buyer for a term of up to five (5) years.

Property Features

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