Property profile

300 3rd St Niagara Falls, NY 14303

OFF-MARKET
Hotels
Property ID
US63-6277545
270,580 SF 2.1 ac lot Built 1975
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1975
Total area 270,580 SF
Lot 2.1 ac (91,476 SF)
Zoning code D1-A
APN 291100 159.09-1-3
UPID US63-6277545

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Arcade & Gaming Center (Bike/Boat/Book/etc) Store
  • Corporate Office
  • Cafe & Coffee Shop
  • Take-out & Catering
  • Marketing & Advertising

Location

300 3rd St Niagara Falls, NY 14303-1102
Niagara Falls metro Census 21100 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.79M
Blend (final) Blend
$12.52M

Owner & transaction history

since 2011
7 recorded transactions
2011
$17.0M
2010
$21.0M
2005
$14.0M
2005
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

D1-A · Niagara Falls, NY
Zoning description

The purpose of these sub-districts is to provide for a diverse combination of commercial, residential, and mixed-use building types within the citys core tourist areas; to be protective of the world-class views of and fr…

General category MIXED_USE
Top alternative use upside
Restaurant $20.7M +179.4%
Industrial (general) $20.0M +169.6%
Retail stores $12.5M +68.2%

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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