Open-Plan Retail
For Sale
Contact for pricing
731 Center Street, Lewiston, NY 14092
Commercial plaza storefront with parking and flexible subdivision potential along Center Street.
Property Size53,333 SF
Price / SF$0.00
Days on Market89
Property Features for 731 Center Street
General Information
Standard status
Active
Size
53,333 SF
Property subtype
CommercialLease
Listing Agency:
Century 21 North East
(716) 754-9963
Listed By:
David M Pascucci · License #10301223803
(716) 545-9743
Source:
Nicholcityrealty
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 14 at 10:35PM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This retail space contains approximately 7,278 SF with an open interior arrangement, expansive storefront, and frontage along Center Street. The building was formerly occupied by Rite Aid and is situated within a commercial plaza with on-site parking. The owner is willing to divide the premises, with a minimum divisible area of approximately 3,600 SF.
Located in the Village of Lewiston, the property sits along Center Street, identified as the area’s primary commercial artery. The setting provides access to pedestrian and vehicle traffic, with the Niagara River, Artpark, and other tourist destinations a short drive away. The address is 731 Center Street, Lewiston, NY 14092.
Located in the Village of Lewiston, the property sits along Center Street, identified as the area’s primary commercial artery. The setting provides access to pedestrian and vehicle traffic, with the Niagara River, Artpark, and other tourist destinations a short drive away. The address is 731 Center Street, Lewiston, NY 14092.
Key Highlights
- Approximately 7,278± SF of retail space
- Minimum divisible area of approximately 3,600 SF
- Open floor plan with expansive storefront and Center Street frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$586,652
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,733,040
$11.7M
Cap Rate 7%
$8,380,743
$8.4M
Cap Rate 9%
$6,518,356
$6.5M
Market Conditions
NOI Build-Up for 53,333 SF
Gross rent
$960.0K $18.00/SF
− Vacancy
−$121.9K −$2.29/SF
EGI
$838.1K $15.71/SF
− OpEx
−$251.4K −$4.71/SF
NOI
$586.7K $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%
$11,733,040
Cap Rate 7%
$8,380,743
Cap Rate 9%
$6,518,356
Alternative Uses
Best Use
Retail
$8.38M
$7.33M – $9.78M
NOI $586,652 @ 7.0% cap · market cap 5,866,520.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$45.32M
$39.65M – $52.87M
NOI $3,172,180 @ 7.0% cap · market cap 31,721,800.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Groceries 43%
Tops Friendly Markets
Groceries
26,859 visits/mo
0.3 miles
Tops Gas
Shops & Services
7,198 visits/mo
0.2 miles
Sunoco
Shops & Services
7,033 visits/mo
0.2 miles
Dollar General
Shops & Services
5,824 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,478 visits/mo
0.1 miles
Demographics for 14092, NY
11,030
Population
5,241
Households
2.1
Avg Household Size
51
Median Age
40%
College-Educated
95%
High-School Grad
21.2 sq mi
ZIP Area
520
Density / Sq Mi
$67,835
Median Household Income
$48,315
Median Earnings
$979
Median Rent
$246,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial plaza storefront with parking and flexible subdivision potential along Center Street.
Where is this retail space located?
The property is located at 731 Center Street Lewiston, NY.
What are key features of this property?
This property features: Approximately 7,278± SF of retail space; Minimum divisible area of approximately 3,600 SF; Open floor plan with expansive storefront and Center Street frontage
