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Prime Medical & Executive Office Space, High Traffic Area
Overview
Added:
Dec 11, 2024
Days on market:
91
This exceptional multi-unit building at 1315-1329 Pine Avenue in Niagara Falls, NY, presents a compelling value-add investment opportunity. The 11,196 square foot property, classified as Class C, is situated on a 0.241-acre lot and boasts a desirable C2-B zoning. Currently operating at 36% occupancy, the building comprises five units, each with ample parking (3 spaces per unit). The ground floor features four occupied units ranging from 1,000 to 2,200 square feet, each offering a mix of office space, showrooms, and private bathrooms. The second floor encompasses approximately 5,500 square feet of versatile space, ideal for medical, office, or retail professional services. This area includes nine offices, four bathrooms, a reception area, waiting room, large social therapy room, and exam rooms with sinks. The building benefits from excellent natural light, a sprinkler system, fire alarm, elevator, and stair access. Ample parking is available on-site (12 spaces) and in a nearby municipal lot (50+ spaces). The property's strategic location, one block from Niagara Falls Memorial Medical Center, ensures high visibility and accessibility within a high-traffic area. The asking price is $609,500 ($54.44/sq ft and $121,900/unit). The lease type is modified, and the tenancy is multi.
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1315-1329 Pine Ave, Niagara Falls, New York, 14301
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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