555 Water St Youngstown, NY 14174

Building Details

Year Built

1950

Listing Agency b***@greatlakesre.com Show Phone

Listed by Bruce J Andrews Show Phone

Source Elliman

Added: Apr 4 Checked: Jul 16 at 10:39 pm

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Investment Insights

Based on property information with market context.

This mixed-use property is located in Youngstown, New York, at the mouth of the Lower Niagara River where it meets Lake Ontario. The property includes two commercial storefronts, two updated apartments (one 3-bedroom and one 2-bedroom), and twelve fully leased boat slips. The boat slips generate $25,000 annually, and the storefronts produce $24,000 per year. The property also features a marina operation with room for up to twelve more boat slips and is approved for sixty mooring balls for sailboats and gasoline dispensing facilities. A public boat launch is located directly next door. The property is situated adjacent to the Youngstown Yacht Club and across from Niagara-on-the-Lake, near Fort Niagara State Park, and offers views of the Canadian shoreline. The property's location has a bike score of 41, indicating it is somewhat bikeable, and a walk score of 26, indicating car dependence.

Key Highlights

• Waterfront property at the mouth of the Niagara River and Lake Ontario.
• Multiple income streams: 2 commercial storefronts, 2 updated apartments, and 12 leased boat slips.
• Existing boat slips generate $25,000 annually; storefronts generate $24,000 annually.

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property with storefronts, apartments, and boat slips.

Where is this mixed-use property located?

The property is located at 555 Water St Youngstown, NY.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Waterfront property at the mouth of the Niagara River and Lake Ontario.; Multiple income streams: **2 commercial storefronts, 2 updated apartments, and 12 leased boat slips.**; Existing boat slips generate $25,000 annually; storefronts generate $24,000 annually.