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    418 3Rd St Niagara Falls, NY 14301

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    For Sale
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    Prime Hotel Site, High Traffic Area

    Property size:
    25,391 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25,391 square foot property at 418 3rd St, Niagara Falls, NY, presents a unique redevelopment opportunity. Located on a 1.4-acre lot with 100+ parking spaces and four curb cuts, this C-Class, multi-tenant building boasts a prime location less than half a mile from the US/Canadian border, benefiting from over 5 million annual border crossings. The existing structure, built in 1920, features a drive-thru and ample parking (4.89 spaces per 1,000 sq ft). Its zoning (C-1) allows for diverse uses, including its previous use as a bank, restaurant, and storefront. This property is situated in a Federal Opportunity Zone, offering significant tax advantages, and is eligible for listing on the State and National Registers of Historic Places. The APN is 159.37-1-1. This two-story building presents a compelling investment opportunity for developers seeking a high-traffic location near the Seneca Niagara Casino and the Niagara Culinary Institute. The property is being sold by owner.

    Property Features for 418 3Rd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    25,391 SF
    Class
    C
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    2

    HighLights

    • 0.5‑mile proximity to US/Canadian border.
    • Over 5 million annual vehicle border crossings.
    • Adjacent to Seneca Niagara Casino & Niagara Culinary Institute.
    • Four curb cuts provide excellent access.
    • Ample parking with 100+ spaces.
    • Located in a Federal Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    CMI Niagara Visions ... Medical Clinic Quest Diagnostics Medical Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.059274335404
    Latitude
    43.088813460794

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    FAQs

    What type of property is this?
    Individual retail property - Prime Hotel Site, High Traffic Area
    Where is this individual retail property located?
    The property is located at 418 3Rd St Niagara Falls, NY.
    What are key features of this property?
    This property features: 0.5-mile proximity to US/Canadian border.; Over 5 million annual vehicle border crossings.; Adjacent to Seneca Niagara Casino & Niagara Culinary Institute.
    Request Owner's contact information
    418 3Rd St Niagara Falls, NY 14301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    418 3Rd St Niagara Falls, NY 14301
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