Storefront Property Requiring
2637 Main Street, Niagara Falls, NY 14305
For Sale
Contact for pricing
Flexible commercial layout supports office, retail, studio, and service-oriented uses subject to approvals.
Property Size4,064 SF
Days on Market104
Property Features for 2637 Main Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Frontier Realty Group LLC
Listed By:
Ryan M Dallavia · License NY #10491213554
(716) 288-4871
Source:
Highfallssir
Added: Aug 3
Changed: Nov 7
Last Checked: Nov 12 at 1:37PM
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 Frontier Realty Group LLC
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Investment Insights
Based on property information with market context.
This storefront property at 2637 Main St in Niagara Falls, NY, was built in 1950 and is positioned for renovation. Its adaptable commercial layout can accommodate professional offices, retail, studio space, home service businesses, or contractor operations, subject to applicable zoning and approvals.
The property offers access to major roads and is situated near local businesses and community amenities. WalkScore is 73, rated Very Walkable; BikeScore is 67, rated Bikeable; and TransitScore is 38, rated Some Transit.
A development plan must accompany any offer to the Niagara Orleans Regional Land Improvement Corporation, detailing the proposed scope of work, cost, and completion timeline. The project also requires a development enforcement mortgage and completion monitoring.
The property offers access to major roads and is situated near local businesses and community amenities. WalkScore is 73, rated Very Walkable; BikeScore is 67, rated Bikeable; and TransitScore is 38, rated Some Transit.
A development plan must accompany any offer to the Niagara Orleans Regional Land Improvement Corporation, detailing the proposed scope of work, cost, and completion timeline. The project also requires a development enforcement mortgage and completion monitoring.
Key Highlights
- Storefront property at 2637 Main St, Niagara Falls, NY 14305
- Built in 1950 and positioned for renovation
- Flexible layout supports office, retail, studio, home service, and contractor uses subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,703
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,060
$894.1K
Cap Rate 7%
$638,614
$638.6K
Cap Rate 9%
$496,700
$496.7K
Market Conditions
NOI Build-Up for 4,064 SF
Gross rent
$73.2K $18.00/SF
− Vacancy
−$9.3K −$2.29/SF
EGI
$63.9K $15.71/SF
− OpEx
−$19.2K −$4.71/SF
NOI
$44.7K $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 Rate 5%
$894,060
Cap Rate 7%
$638,614
Cap Rate 9%
$496,700
Alternative Uses
Best Use
Retail
$638.6K
$558.8K – $745.1K
NOI $44,703 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$957.9K – $1.28M
NOI $76,634 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 14305, NY
16,427
Population
8,348
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,106
Density / Sq Mi
$49,588
Median Household Income
$30,314
Median Earnings
$798
Median Rent
$109,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Niagara Falls, NY
Properties on Market for Storefront properties in Niagara Falls
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial layout supports office, retail, studio, and service-oriented uses subject to approvals.
Where is this storefront property located?
The property is located at 2637 Main Street Niagara Falls, NY.
What are key features of this property?
This property features: Storefront property at 2637 Main St, Niagara Falls, NY 14305; Built in 1950 and positioned for renovation; Flexible layout supports office, retail, studio, home service, and contractor uses subject to approvals
