CCertihomes
2718 Elmwood Avenue, Tonawanda, NY 14217

$1,199,000

0 beds 0 baths 12,322 sqft Built 19680 days on marketActive

About this home

Prime Redevelopment Opportunity – 2718 Elmwood Ave Centrally located in the heart of Kenmore, this expansive 12, 322 sq ft building offers endless potential for investors and developers. Formerly home to a furniture store, the property is ready for a fresh vision. Currently approved plans and blueprints outline a mixed-use transformation featuring 4 retail storefronts on the ground level and 6 residential apartments above — ideal for generating multiple streams of income. The building's strategic location provides high visibility and accessibility, just minutes from Buffalo, major thoroughfares, and public transportation. Whether you're looking to breathe new life into this commercial gem or capitalize on the approved redevelopment plans, this is a rare opportunity in one of Western New York’s most sought-after villages. Bring your imagination and be part of Kenmore's continued growth!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$11,548/mo

Real estate (PITI + HOA + PMI)
$8,903
Principal + interest$5,438
Property tax + insurance$3,015
PMI / 2nd mortgage$450
Utilities
$6,000
Heating + cooling$2,847
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$140
$11,548/mo TLC
Budget$12,048/mo
Remaining after TLC$500/mo
Purchase price
$1,199,000
Down payment
$59,950 (5%)
Loan amount
$1,139,050
APR
4%

Quick facts

Type
COM
Style
Year built
1968
Lot size
0.2652 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
Water
Public
HOA
Annual tax
$17,113
MLS #
B1629170
County
Erie

Home features

Roof
Asphalt, Flat
Sewer
PublicSewer

Lot features

Rectangular, RectangularLot

Neighborhood — 14217

MetricThis ZIPCountyUSA
Population23,69419,351,094299,088,112
Population Change Since1990-9.00%8.00%20.00%
Population Density7,384395
Male10,9599,381,926147,432,321
Female12,7359,969,168151,655,844
Never Married5,4704,946,39163,775,926
Married9,8907,166,701123,120,365
Separated5941,159,67312,639,686
Widowed2,0581,110,24515,467,586
Divorced1,7451,210,44823,075,029
Number Of House Hold10,2227,102,016111,826,380
Average House Hold Size2.262.642.60
Medial Age40.5136.5335.46
Median House Hold Income$45,180$49,847$48,276
Average House Hold Income$51,285$70,032$63,629
P C I$22,570$26,569$24,529
M D I$39,183$42,210$41,133
A T H E$44,396$54,185$50,898
S T R8.75%4.00%
W C J69.49%81.55%77.74%
(Zip) Code
14217

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 8/8/2025. Provided courtesy of Buffalo First Realty Group Inc via Buffalo MLS. Information deemed reliable but not guaranteed.