1711 Main St Niagara Falls, NY 14305-2525
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.
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The Rapids Theatre Music Venue Bar & Pub
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Rich's Catering & Special Events Take-out & Catering Catering Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2-A · Niagara Falls, NYNiagara Falls. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.