Property profile

661 Main St Niagara Falls, NY 14301

FOR LEASE
Office buildings
Property ID
US63-6243724
12,480 SF 0.67 ac lot Built 1928
Individually Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This stunning, fully renovated Class A office building at 661 Main Street in Niagara Falls, NY, offers 5,682 square feet of move-in ready space. Built in 1945 and situated in Niagara County, this single-tenant property boasts a wealth of modern amenities within its historic charm. The space features a full kitchen and a dedicated conference room, perfect for executive functions. Recent upgrades include new LED lighting, fresh paint, new carpeting, and a new HVAC system (boiler and A/C). High ceilings and beautiful red oak flooring add to the sophisticated ambiance. Most existing furniture is available. Ample parking and prominent signage are also provided. This exceptional location is conveniently situated off Pine Avenue, near the post office and a bus stop, and just blocks from the Canadian border. The owner is open to considering a sublease or dividing the space into two units. Detailed floor plans are available upon request. This is an unparalleled opportunity to secure a prestigious and highly functional office space in a vibrant location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1928
Total area 12,480 SF
Lot 0.67 ac (29,040 SF)
Zoning code C2-A
APN 291100 159.21-2-1
UPID US63-6243724

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
  • Engineering Consultant Civil Engineer
  • Hardware & Home Improvement Building Supply
  • Waste Management Facility Hazardous Waste Disposal

Location

661 Main St Niagara Falls, NY 14301
Niagara Falls metro Census 21100 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2005
1 recorded transaction
2005
$260,000

Zoning & alternative use

C2-A · Niagara Falls, NY
Zoning description

The Traditional Commercial district is intended to allow for a mix of residential and commercial uses along major travel corridors

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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