Corner Retail
For Sale
$899,000
1309 Pine Avenue Niagara, Niagara Falls, NY 14301
Open-plan commercial space with a brick façade, abundant natural light, on-site parking, and prominent roadside signage.
Property Size7,036 SF
Lot Size0.42 Acres
Price / SF$127.77
Days on Market194
Property Features for 1309 Pine Avenue Niagara
General Information
Standard status
Active
Size
7,036 SF
Total Parking Spaces
20
Lot size
0.42 Acres
Property subtype
Free Standing Building
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Amenities
ample natural light exposure
open floorplan concept
Building Details
Building Size
7,036 SF
Year Built
1974
Buildings
1
Properties For Sale
at 1309 Pine Avenue Niagara Contact us- Size
- 7,036 SF
- Lease Type
- NNN
1309 Pine Ave
Listing Agency:
Recckio Real Estate & Development, Inc.
(716) 998-4422
Listed By:
Rick Recckio · License #31RE0821429
(716) 998-4422
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 31 at 12:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Recckio Real Estate & Development, Inc.
Investment Insights
Based on property information with market context.
This 7,036+/- SF retail building occupies a 0.42+/- acre corner parcel on Pine Avenue. The property includes an open interior layout, brick façade, substantial natural light, a large parking area, and a freestanding pole sign. Approximately 20+/- parking spaces serve the building, which was constructed in 1974 and is available for sale or lease.
The property is positioned on the west side of Little Italy in Niagara Falls, New York, near Niagara Falls Memorial Medical Center, the Niagara Arts and Cultural Center, Seneca Niagara Resort and Casino, the Niagara Falls Convention Center, and the Fashion Outlets of Niagara Falls USA. Access to I-190 and the Rainbow Bridge is also noted in the surrounding location context.
Its combination of corner positioning, open floor area, parking, signage, and street exposure supports a range of retail or other commercial configurations without relying on a fixed interior layout.
The property is positioned on the west side of Little Italy in Niagara Falls, New York, near Niagara Falls Memorial Medical Center, the Niagara Arts and Cultural Center, Seneca Niagara Resort and Casino, the Niagara Falls Convention Center, and the Fashion Outlets of Niagara Falls USA. Access to I-190 and the Rainbow Bridge is also noted in the surrounding location context.
Its combination of corner positioning, open floor area, parking, signage, and street exposure supports a range of retail or other commercial configurations without relying on a fixed interior layout.
Key Highlights
- 7,036+/- SF retail building on a 0.42+/- acre parcel
- Corner position on Pine Avenue in Niagara Falls, NY
- Approximately 20+/- parking spaces with a large parking area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,395
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,547,900
$1.5M
Cap Rate 7%
$1,105,643
$1.1M
Cap Rate 9%
$859,944
$859.9K
Market Conditions
NOI Build-Up for 7,036 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.6K $18.00/SF
− Vacancy
−$16.1K −$2.29/SF
EGI
$110.6K $15.71/SF
− OpEx
−$33.2K −$4.71/SF
NOI
$77.4K $11.00/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,547,900
Cap Rate 7%
$1,105,643
Cap Rate 9%
$859,944
Alternative Uses
Best Use
Retail
$1.11M
$967.4K – $1.29M
NOI $77,395 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.98M
$5.23M – $6.97M
NOI $418,492 @ 7.0% cap · market cap 46.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
88k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 27%
Groceries 26%
Apparel 2%
Tops Friendly Markets
Groceries
19,363 visits/mo
0.3 miles
McDonald's
Dining
18,554 visits/mo
0.3 miles
Dollar Tree
Shops & Services
8,615 visits/mo
0.3 miles
Family Dollar
Shops & Services
8,346 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,119 visits/mo
0.2 miles
Demographics for 14301, NY
12,618
Population
7,285
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
6,009
Density / Sq Mi
$37,650
Median Household Income
$32,909
Median Earnings
$722
Median Rent
$79,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan commercial space with a brick façade, abundant natural light, on-site parking, and prominent roadside signage.
Where is this storefront property located?
The property is located at 1309 Pine Avenue Niagara Niagara Falls, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 7,036+/- SF retail building on a 0.42+/- acre parcel; Corner position on Pine Avenue in Niagara Falls, NY; Approximately 20+/- parking spaces with a large parking area
