Property profile

2443 Military Rd Niagara Falls, NY 14304

FOR LEASE
Banks
Property ID
US63-3228550
10,362 SF 1.08 ac lot Built 1970
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-story, 103,221 square foot building, situated on a 1.08-acre lot in Niagara Falls, NY, presents a unique investment opportunity. Originally constructed in 1964, this former bank/office building offers versatile space suitable for executive, medical, or traditional office uses. The property's B-1 General Commercial zoning allows for a range of possibilities, making it an ideal candidate for redevelopment. The building features a convenient drive-through, a significant asset for various business models. Located at 2443 Military Road, in the Military Road/Niagara Falls Blvd submarket cluster of Niagara County, this property benefits from high visibility and accessibility. The single-tenancy structure provides flexibility for a single large occupant or can be easily subdivided for multiple tenants. The substantial lot size offers ample parking and potential for expansion or additional development. This property is available for both sale and lease, providing options to suit diverse investment strategies. Serious inquiries are encouraged to explore the full potential of this prime commercial real estate offering in the thriving Buffalo/Niagara Falls market. The property's address is 2443 Military Rd, Niagara Falls, NY 14304.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Total area 10,362 SF
Lot 1.08 ac (47,045 SF)
Zoning code 01 - NOT ZONED
APN 293000 145.16-2-1
UPID US63-3228550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2443 Military Rd Niagara Falls, NY 14304
Niagara Falls metro Census 22602 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2019
1 recorded transaction
2019
$495,000

Zoning & alternative use

01 - NOT ZONED · Niagara Falls, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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