The 1994 NCAA Division III Men's Basketball Tournament was the 20th annual single-elimination tournament to determine the national champions of National Collegiate Athletic Association (NCAA) men's Division III collegiate basketball in the United States. The field consisted of forty teams, each allocated into one of four sectionals. The national semifinals, third-place final, and championship final were contested in Buffalo, New York. Lebanon Valley defeated NYU, 66–59 (in overtime), in the final, earning their first national title. The Flying Dutchmen (28–4) were coached by Pat Flannery.