129-137 Tonawanda St 133 Tonawanda St 43,250 SF Industrial Building Buffalo, NY 14207 $1,159,604 CAD ($26.81 CAD/SF)

*NOTE*: 133 Tonawanda (1 building | 3 parcels | 43K sq. ft | 1.98 acres) is a sub-listing for the larger 129-137 Tonawanda Street combined listing (2 buildings | 4 parcels | 75K sq. ft. | 2.5 acres). Properties are available separately or as a package. The combined listing is available at the reduced price of $1,750,000. See attached flyer and video or contact broker for more info on the combined listing for 129-137 Tonawanda.
133 Tonawanda St: Development-Ready Features
43,250 sq. ft. of existing buildings (moderate to good condition)
Freight elevator and overhead doors
Existing stair towers with compliant vertical egress
Shared freight elevator shaft connecting both buildings
Adequate public utility infrastructure in place
2 acres of BCP-eligible land
Incentive-Ready Opportunity
With infrastructure supporting diverse development visions—from self-storage conversion and industrial use to multifamily, mixed-use, or commercial redevelopment—this incentive-ready site positions developers to capitalize on powerful tax credit programs while building a strategic asset in a neighborhood primed for continued growth
HISTORIC TAX CREDIT (HTC)
• Preliminary historic approvals submitted
• Draft Part I application on file
• 20% NYS HTC + 20% Federal HTC
BROWNFIELD CLEANUP PROGRAM (BCP)
• Draft application submitted to NYS DEC
• Located in:
–EN-Zone (Environmental Zone)
–BOA (Brownfield Opportunity Area)
• Eligible for: –20% NYS BCP Tangible Property Credit
–Up to 24% credit if Track 1 cleanup or affordable housing
STACKABLE INCENTIVES & PROGRAMS
• City of Buffalo 485-a (multi year tax abatement)
• Erie County adaptive reuse (sales & mortgage tax exemption)
• NYS Consolidated Funding Application (CFA) grants
• Utility Company Grants and Support –National Grid –National Fuel
• Low-Income Housing Tax Credits (LIHTC)
133 Tonawanda Street: Premier Development Opportunity in Buffalo's Dynamic Growth Corridor
Situated in one of Buffalo's most dynamic transitional zones, this rare 1.15-acre development site offers exceptional flexibility for forward-thinking investors. The property features 43,250 sq. ft. of historic buildings in sound structural condition—prime for adaptive reuse—alongside BCP-eligible land ideal for new construction, multifamily development, industrial outdoor storage, or mixed-use projects.
Strategic Location & Connectivity
Located on Tonawanda Street, a key arterial linking the Amherst Street commercial corridor, North Buffalo's major retail centers, and the Upper West Side's revitalized Niagara Street, the site offers premier logistical positioning. With immediate access to the Scajaquada Expressway (198) and I-190 Interstate—minutes to Canada via the Peace Bridge—and high ridership bus lines (#5, #32, #40), the location provides seamless regional connectivity for distribution, logistics, storage operations, or residential development.
Neighborhood Momentum
Recent years have seen a surge in loft-style residential conversions, thriving local businesses, and streetscape enhancements including bike infrastructure. Buffalo State University, a major educational anchor, is minutes away. The property directly abuts Scajaquada Creek and the adjacent bike path, providing recreational value and adjacency to ongoing environmental restoration studies—an added layer of future-forward appeal.
Investment highlights
Buildings in sound structural condition, ranging from moderate to very good
• Adequate public utility infrastructure in place and accessible at the site
• Existing stair towers to support compliant vertical egress
• Freight elevator shaft and stair tower
• Optimal building dimensions for efficient double-loaded apartment layouts