744 19th St Niagara Falls, NY 14301-2242
- Investment properties
- 1,450 SF
- 0.08 lot acres
Current Use by Public Records
- Nepali Kitchen / Nepalese Restaurant
Property Details for 744 19th St
- Year built
- 1940
- Lot size
- 0.08 lot acres
- Property size
- 1,450 SF
- Zone code
- C2-B
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 291100 144.80-3-26
- APU
- 29110014480326
Description
This mixed-use property in Niagara Falls, NY's Little Italy, presents a unique owner-user opportunity. The 1,450 square foot building, constructed in 1940 and renovated in 2022, features a fully equipped, functional restaurant and a separate rear apartment with its own entrance. The C2-B zoning allows for a variety of uses, making this a versatile investment. The kitchen and apartment boast recent updates, eliminating the need for immediate capital improvements. The property sits on a 0.08-acre lot and includes two units, currently vacant. The asking price is $250,000, translating to $172.41 per square foot. The building is a single-story Class B structure. The rear of the building offers potential storage space, or the apartment can generate ancillary income through rental. This turnkey restaurant opportunity is ideal for an owner-operator seeking a ready-to-use space with additional income potential. The property's location in Little Italy provides excellent visibility and access to a vibrant community. The address is 744 19th Street, Niagara Falls, NY 14301. The APN is 291100-144-080-0003-026-000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $75,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $110,000
- 6.5%
- $105,000
- 7%
- $105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $90,000
- Geo Method
- $100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $115,000
- Retail
- $90,000
- Mixed-Use
- $105,000
- Hospitality
- $115,000
- Educational
- $85,000
- Residential Income
- $95,000
- Energy
- $105,000
- Income-Based Land
- $110,000
- Food Service
- $100,000
Location Insight
- Map
- Local Demand
- City
- Niagara Falls
- County
- Niagara
- State
- New York
- Longitude
- -79.0394
- Latitude
- 43.0964
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA