435 3rd ST, Niagara Falls, NY 14301
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435 3rd ST, Niagara Falls, NY 14301
435 3rd ST, Niagara Falls, NY 14301
435 3rd ST, Niagara Falls, NY 14301
435 3rd ST, Niagara Falls, NY 14301
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435 3rd ST Niagara Falls, NY 14301

13,991 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 13,991 sqft

Price per Sqft $54

Subdivision Niagara Falls Village

MLS Listing ID B1670381

Construction Status Existing

HOA Y/N No

Year Built 1925

Annual Tax Amount $19,538

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 66X132

Property Sub-Type Business

Property Description

Prime mixed-use investment opportunity in the heart of downtown Niagara Falls! Located just steps from Niagara Falls State Park and the Rainbow Bridge, this fully turnkey, income-producing property sits in a high-traffic tourist corridor within the Redevelopment District. With access to over 14 million annual visitors, the site benefits from exceptional pedestrian traffic and immediate international cross-border exposure. Positioned within a vibrant, revitalized, and walkable district. Please note that this property may be eligible for a grant of up to 100k from the City of Niagara Falls and it may be used towards renovation and acquisition. It is reimbursed and 10% must go towards exterior improvements (signage, landscaping, parking lot improvements etc.).

The fully leased building consists of 8 residential apartments and 2 commercial units, all with separate utilities and on-site parking. Recent improvements include newer windows and sewer lines, along with updated apartments featuring modern kitchens, newer appliances (all included), fresh paint, and new laminate flooring.

The lower commercial unit includes a spacious bar area, outdoor patio, walk-in cooler, two bathrooms, ice machines, sump pump, and basement storage. The second lower commercial space offers a flexible open layout with a standard entry, garage door access to 3rd Street, separate delivery entrance, A/C, walk-in cooler, sump pump, basement, ADA-compliant bathroom and is the future site of a museum/lounge.

Residential units feature a diverse unit mix: one large 3-bedroom, 2-bath apartment with separate entrances, high ceilings, natural woodwork, dining room, and basement; two 2-bedroom units (one with patio, one with porch); and five 1-bedroom units.

Fully occupied and well-maintained, this property delivers immediate cash flow in a premier location with strong tourism demand. Conveniently located near public transportation, restaurants, entertainment, special events, and more! Building only for sale; businesses not included. Property is also listed under B1670399.

Location

State NY

County Niagara

Community Niagara Falls Village

Area Niagara Falls-City-291100

Zoning C2

Direction Niagara Scenic Parkway to Whirlpool Street turns into Third Street.

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Cooling Central Air

Flooring Carpet, Hardwood, Linoleum, Varies, Vinyl

Inclusions Building Only

Fireplace No

Exterior

Utilities Available Sewer Connected

Roof Type Asphalt,Membrane,Rubber

Total Parking Spaces 9

Building

Lot Description Rectangular, Rectangular Lot

Story 2

Sewer Public Sewer

Level or Stories Two

Construction Status Existing

Schools

School District Niagara Falls

Others

Tax ID 291100-159-037-0001-004-000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard


Listed by Deal Realty, Inc. 716-940-0548

NEARBY SCHOOLS & PROPERTIES

Bozena Sroczyk

Bozena Sroczyk

Lic. RE Associate Broker | License ID: 10301203551

+1(315) 525-7600

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435 3rd ST