6600 Walmore Rd Niagara Falls, NY 14304-1638
- Industrial properties
- 359,620 SF
- 35.70 lot acres
Current Use by Public Records
- Saint-Gobain Industrial Ceramics / Manufacturer
Property Details for 6600 Walmore Rd
- Year built
- 1943
- Lot size
- 35.70 lot acres
- Property size
- 359,620 SF
- Property type
- Industrial properties
- APN
- 294000 146.00-10-9.23
- APU
- 2940001460010923
Description
This exceptional 625,372-square-foot industrial property in Niagara Falls, NY, presents a compelling investment opportunity. Located on a sprawling 55.1-acre lot in the Wheatfield submarket, this NNN-leased manufacturing facility boasts a strong 5.08% cap rate and a substantial net operating income (NOI) of $305,012. Currently featuring a single tenant with a lease expiring September 29, 2027, with two 5-year renewal options, this property offers immediate cash flow and significant long-term potential. The asking price is $6,000,000, translating to a price per square foot of $9.60. The property includes three commercial condos, with 158,441 square feet currently occupied, leaving approximately 466,931 square feet of potential for redevelopment or demolition. Ceiling heights range from 8.6 to 32 feet. Its strategic location, directly adjacent to the Niagara Falls International Airport and in close proximity to the Canadian border, enhances its value and future development prospects. The property also offers 9.9 MW of available power, with potential for additional service. This covered land play is the second largest development in the Wheatfield submarket, presenting unparalleled potential for future growth and development. The current tenant is the largest industrial credit tenant in the submarket.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Niagara Falls
- County
- Niagara
- State
- New York
- Longitude
- -78.9309
- Latitude
- 43.1057
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
