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Riley Gear Building 59 Felton St 37,760 SF Vacant Industrial Building North Tonawanda, NY 14120 $1,866,375 CAD ($49.43 CAD/SF)



EXECUTIVE SUMMARY
An exceptional opportunity to acquire a well-maintained industrial property in North Tonawanda, New York. Situated on 2.56 acres over 10 lots of contiguous or adjacent land. This 37,760-square-foot facility offers a rare combination of robust infrastructure, long-standing industrial use, and outstanding value—all priced at $1,350,000.00.
Property Highlights:
• Building Size: 37,760 SF
• Lot Size: 2.56 acres
• Ceiling Height: 14 feet clear throughout
• Year Built: 1955
This single-story masonry and steel-frame building is purpose-built for manufacturing. The facility offers flexible space that can support a wide range of industrial operations—from machining and fabrication to warehousing and assembly.
Prior Occupant – Riley Gear Corporation:
Established in 1946, Riley Gear has served as a trusted manufacturing partner to a wide range of industries, specializing in:
• Precision gears
• Custom gearboxes
• High-speed and large-diameter gears
Investment & User Potential:
Whether you're a business owner seeking functional space for production or an investor targeting value-add opportunities, this property offers:
• Low acquisition cost per square foot
• Space to support heavy-duty industrial or machine-based operations
• Potential to re-tenant or reposition for modern light industrial or logistics use
• Outdoor area for parking, storage, or future expansion
Location Benefits:
Located in the city of North Tonawanda, this site benefits from:
• Proximity to Buffalo and Niagara Falls
• Access to major transportation routes and logistics networks
• A business-friendly municipality with a strong industrial legacy
PROPERTY FACTS
| Price | $1,866,375 CAD | Lot Size | 2.56 AC |
| Price Per SF | $49.43 CAD | Rentable Building Area | 37,760 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Industrial | Year Built | 1955 |
| Building Class | C | Clear Ceiling Height | 14’ |
| Zoning | M-2 - General Industrial District | ||
| Price | $1,866,375 CAD |
| Price Per SF | $49.43 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 2.56 AC |
| Rentable Building Area | 37,760 SF |
| No. Stories | 3 |
| Year Built | 1955 |
| Clear Ceiling Height | 14’ |
| Zoning | M-2 - General Industrial District |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
For Lease or Sale: Industrial Manufacturing Facility – 37,760 SF on 2.56 Acres in North Tonawanda, NY - Owner occupant or investment opportunity! An exceptional opportunity to acquire a well-maintained industrial property in North Tonawanda, New York. Situated on 2.56 acres over 10 lots of contiguous or adjacent land. This 37,760-square-foot facility offers a rare combination of robust infrastructure, long-standing industrial use, and outstanding value. Property Highlights: • Building Size: 37,760 SF • Lot Size: 2.56 acres • Ceiling Height: 14 feet clear throughout • Year Built: 1955 This single-story masonry and steel-frame building is purpose-built for manufacturing. The facility offers flexible space that can support a wide range of industrial operations—from machining and fabrication to warehousing and assembly. Prior Occupant – Riley Gear Corporation: Established in 1946, Riley Gear has served as a trusted manufacturing partner to a wide range of industries, specializing in: • Precision gears • Custom gearboxes • High-speed and large-diameter gears Investment & User Potential: Whether you're a business owner seeking functional space for production or an investor targeting value-add opportunities, this property offers: • Low acquisition cost per square foot • Space to support heavy-duty industrial or machine-based operations • Potential to re-tenant or reposition for modern light industrial or logistics use • Outdoor area for parking, storage, or future expansion Location Benefits: Located in the city of North Tonawanda, this site benefits from: • Proximity to Buffalo and Niagara Falls • Access to major transportation routes and logistics networks • A business-friendly municipality with a strong industrial legacy
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 37,760 SF | Industrial | - | Now |
1st Floor
| Size |
| 37,760 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 37,760 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
For Lease or Sale: Industrial Manufacturing Facility – 37,760 SF on 2.56 Acres in North Tonawanda, NY - Owner occupant or investment opportunity! An exceptional opportunity to acquire a well-maintained industrial property in North Tonawanda, New York. Situated on 2.56 acres over 10 lots of contiguous or adjacent land. This 37,760-square-foot facility offers a rare combination of robust infrastructure, long-standing industrial use, and outstanding value. Property Highlights: • Building Size: 37,760 SF • Lot Size: 2.56 acres • Ceiling Height: 14 feet clear throughout • Year Built: 1955 This single-story masonry and steel-frame building is purpose-built for manufacturing. The facility offers flexible space that can support a wide range of industrial operations—from machining and fabrication to warehousing and assembly. Prior Occupant – Riley Gear Corporation: Established in 1946, Riley Gear has served as a trusted manufacturing partner to a wide range of industries, specializing in: • Precision gears • Custom gearboxes • High-speed and large-diameter gears Investment & User Potential: Whether you're a business owner seeking functional space for production or an investor targeting value-add opportunities, this property offers: • Low acquisition cost per square foot • Space to support heavy-duty industrial or machine-based operations • Potential to re-tenant or reposition for modern light industrial or logistics use • Outdoor area for parking, storage, or future expansion Location Benefits: Located in the city of North Tonawanda, this site benefits from: • Proximity to Buffalo and Niagara Falls • Access to major transportation routes and logistics networks • A business-friendly municipality with a strong industrial legacy
PROPERTY TAXES
| Parcel Number | 291200-181-008-0002-014-000 | Improvements Assessment | $781,785 CAD |
| Land Assessment | $46,764 CAD | Total Assessment | $828,549 CAD |
PROPERTY TAXES
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Riley Gear Building | 59 Felton St
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