435 3rd St Niagara Falls, NY 14301

This mixed-use property is located in downtown Niagara Falls, steps from Niagara Falls State Park and the Rainbow Bridge, within the Redevelopment District. The building is fully leased and consists of 8 residential apartments and 2 commercial units, all with separate utilities and on-site parking. Recent improvements include newer windows and sewer lines, along with updated apartments featuring modern kitchens, newer appliances, fresh paint, and new laminate flooring. The lower commercial unit includes a spacious bar area, outdoor patio, walk-in cooler, two bathrooms, ice machines, sump pump, and basement storage. The second lower commercial space offers a flexible open layout with a standard entry, garage door access to 3rd Street, separate delivery entrance, A/C, walk-in cooler, sump pump, basement, and an ADA-compliant bathroom; it is planned to be a museum/lounge. Residential units feature a diverse unit mix: one large 3-bedroom, 2-bath apartment with separate entrances, high ceilings, natural woodwork, dining room, and basement; two 2-bedroom units (one with patio, one with porch); and five 1-bedroom units. The property is located near public transportation, restaurants, entertainment, and special events. The property may be eligible for a grant of up to 100k from the City of Niagara Falls and it may be used towards renovation and acquisition. It is reimbursed and 10% must go towards exterior improvements (signage, landscaping, parking lot improvements etc.).