1711 Main St Niagara Falls, NY 14305-2525

Property Details for 1711 Main St

Year built

1931

Lot size

0.40 lot acres

Property size

22,500 SF

Zone code

C2-A

Property type

Investment properties

Property subtype

Live-work space

APN

291100 144.54-1-33

APU

29110014454133

Description

This exceptional 27,914 square foot retail property, the Rapids Theater, is a thriving indoor concert venue and event center located at 1711 Main St, Niagara Falls, NY 14305. Built in 1921 and extensively renovated in 2009 with over $2,000,000 in improvements, this iconic venue boasts state-of-the-art lighting and sound systems. The theater's capacity is 1700, including a 150-person VIP area with a private wet bar. The main floor features an expanded stage, two side sections, an open dance floor, a maple wood bar, new flooring, and exceptional acoustics. The building also includes a large office with security, four green rooms, numerous restrooms, a large dry basement, and a spacious rear parking lot with loading doors behind the stage. All building contents, including walk-in coolers, ice machines, TVs, washer, dryer, and furniture, are included in the sale. The asking price for the real estate is $3,000,000. The business is available for separate purchase at $2,000,000. This turnkey operation presents a unique investment opportunity with significant potential. Financing options are available. The current owner is motivated to sell and will assist with a smooth transition. This is a remarkable opportunity to acquire a well-established and profitable entertainment destination in a prime Niagara Falls location, just minutes from the Canadian border.

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Longitude

-79.0526

Latitude

43.1051

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments