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    OFF-MARKET
    Manufacturing properties

    5950 Packard Rd, Niagara Falls, NY 14304-1584

    4,864 SF 8.49 ac lot Built 1966
    Entity Owned 10-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-4193402
    Property summary
    AI-generated overview

    This exceptional Niagara Falls industrial property, located at 5950 Packard Rd, offers a diverse range of spaces ideal for manufacturing, warehousing, distribution, or flex operations. Comprising six single-story buildings totaling 95,359 square feet, this Class C property boasts significant flexibility with units ranging from a minimum of 2,500 square feet up to a maximum contiguous 50,000 square feet. Currently, 70,350 square feet is available for lease. The property sits on a substantial 22-acre lot, with 10.3 acres fully fenced and including a 4-acre laydown yard. Built in 1966 and renovated in 2023, the buildings feature ceiling heights ranging from 11 to 73 feet, providing ample vertical space. Convenient access is ensured by a 525-foot frontage on Packard Rd, along with 2 loading docks and 16 drive-ins. The property benefits from robust 12.4 MW power capacity. Its strategic location in Niagara Falls, New York (zip code 14304), offers easy access to Interstate 190, just 0.05 miles away. Zoned Industrial (I2) in Niagara County, this property presents a compelling opportunity for businesses seeking a well-equipped and strategically located industrial space in Western New York.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1966
    Total area 4,864 SF
    Lot 8.49 ac (369,824 SF)
    Zoning code I2
    APN 291100 145.14-1-4
    UPID US63-4193402
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rivian Service Center Auto Repair Shop Vehicle Inspection Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    North American Hoganas Co · 10 yrs held
    North American Hoganas Co
    since 2016
    Last sale
    $4.8M
    1 recorded transaction
    2016
    Zoning & alternative use
    I2 · Niagara Falls, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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