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Art Deco Office Building
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500 3rd St, Niagara Falls, NY

Art Deco office building with original finishes and on-site parking.

Space Size12,350 SF
Lot Size0.50 Acres
Days on Market1170

Property Features for 500 3rd St

General Information

Standard status Active
Size 12,350 SF
Lot size 0.50 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 500 3rd St
500 3rd St $12/SF/Yr
Floor Bldg
Size 12,350 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Dedicated on-site parking - Private outdoor patio - Located in the heart of the 3rd Street district - Walkable to state parks - Visible to 8,700 vehicles a day - Domed ceiling with art deco architecture - Terrazzo floors - View of niagara falls, ontario skyline and mist - Walking distance to niagara gorge hiking trail - Subject to historic tax credit rehab - 500 3rd Street is a gorgeous Art Deco office building, constructed in 1930 by the Niagara Hudson Power Corporation. It still features many original finishes including ornate terrazzo floors, chrome light fixtures, and stairways. The second-floor office suite is extremely functional, with a balanced mix of bright open spaces and private office suites. - Entire space is available for lease, including a second floor suite. The 360 walkthrough shows the building in it's current state. - On building signage
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Listing Agency: TM Montante Development
Listed By: Michelle Messina
Source: Moodyscre
Added: Jul 24, 2023 Changed: Oct 4 Last Checked: Oct 4 at 12:19PM

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 TM Montante Development

Investment Insights

Based on property information with market context.

This Art Deco office building, constructed in 1930, is located in the heart of the 3rd Street district. The building features original finishes including ornate terrazzo floors, chrome light fixtures, and stairways. The second-floor office suite offers a functional layout with a balanced mix of bright open spaces and private office suites. The entire space, including a second floor suite, is available for lease. The property benefits from dedicated on-site parking and a private outdoor patio. It is walkable to state parks and the Niagara Gorge hiking trail. The building is visible to 8,700 vehicles a day and offers a view of the Niagara Falls, Ontario skyline and mist. The property is subject to historic tax credit rehab and features on-building signage. The property has a domed ceiling with art deco architecture and a total size of 12,350 square feet.

Key Highlights

  • View of Niagara Falls, Ontario skyline and mist
  • Located in the heart of the 3rd Street district
  • Art Deco architecture with original finishes including terrazzo floors, chrome light fixtures, stairways

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Hair Salon Plumbing Service Skin Care Clinic Electrical Service Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,238
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Niagara Falls, NY

$9.36 /SF/Yr
Avg Asking Price
$6–$12 /SF/Yr
Price Range
6,205 SF
Avg Space Size

This space is priced 28% above the average of $9.36 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Art Deco office building with original finishes and on-site parking.
Where is this office units located?
The property is located at 500 3rd St Niagara Falls, NY.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: View of Niagara Falls, Ontario skyline and mist; Located in the heart of the 3rd Street district; Art Deco architecture with original finishes including terrazzo floors, chrome light fixtures, stairways
(716) 876-8899 Call to check price and availability
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