418 3rd St Niagara Falls, NY 14301-1506
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.
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CMI Niagara Visions Clinic Medical Clinic
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Quest Diagnostics Medical Clinic
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.