Entity Owned Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Traditional Commercial district is intended to allow for a mix of residential and commercial uses along major travel corridors
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
C2-A · Niagara Falls, NYThe Traditional Commercial district is intended to allow for a mix of residential and commercial uses along major travel corridors
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Traditional Commercial district is intended to allow for a mix of residential and commercial uses along major travel corridors
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2-A in Niagara Falls, NY.
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