Check Availability
$299,900
Commercial - For Sale

2501 Pine Avenue

Niagara Falls, NY 14301
bedrooms
Studio
bathrooms
0 Bath
$1,852
Estimated Monthly
$0
HOA / Fees
2.13%
Cap Rate

About This Property

Discover a prime investment opportunity with this mixed-use property. The ground floor boasts a spacious storefront, once a restaurant, featuring a comfortable dining area with air conditioning, men's and women's bathrooms, and a recently updated grease trap. The kitchen has seen recent upgrades, including a new cooler compressor installed just four months ago. Upstairs, two well-appointed apartments provide additional rental income potential. Parking is a standout feature, accommodating at least 8 cars with dual entrances for enhanced accessibility. Recent structural upgrades include a transition from a flat roof to durable lifetime shingles. Mechanical systems are well-maintained, with furnaces and hot water tanks updated 5 years ago, and plumbing modernized 8 years ago using a mix of copper and PVC. This property offers a unique blend of commercial and residential spaces, strategically positioned to capitalize on the thriving economic landscape of Niagara Falls, NY. Its versatility, recent upgrades, and ample parking make it an attractive investment for those seeking a property with promising potential in a bustling location.
Unit Size
-
Days on Market
102 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$379
HOA Dues
-
Year Built
1930

Listed By

Jayson Parker
Jayson Parker
Keller Williams Realty Buffalo
Last updated: 4 months ago (NYSAMLS #B1518598)

Price History

Date / Event Date Event Price
Jan 27, 2024 Listed by Keller Williams Realty WNY $299,900
Listed by Keller Williams Realty WNY

Property Highlights

Parking Details
Parking Features: On Site
Total Garage and Parking Spaces: 8
Interior Details

Basement Information

Has Basement
Full

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$200,000 May 3, 2023
$200,000 Sep 15, 2023
$397/mo
Other
Loft
1 Bath
-
$311,000 Feb 28, 2023
$311,000 Jun 15, 2023
$816/mo
Multifamily
Stu
-
-
$305,000 Jan 27, 2023
$305,000 Mar 24, 2023
$313/mo
House
4 Beds
2 Baths
-
$265,000 Sep 13, 2022
$265,000 Dec 20, 2022
$277/mo
Commercial
Loft
-
-
$299,900 Feb 12, 2023
-
$570/mo
Commercial
Loft
-
2,356 ft²
$138/ft²
$324,900 Nov 1, 2023
-
$616/mo
House
6 Beds
6 Baths
-
$350,000 Aug 12, 2023
-
$294/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

2501 Pine Avenue 2501 Pine Avenue, Niagara Falls, NY 14301
  • 1 Unit for Sale
More about this Building
2501 Pine Avenue
Want to find out who owns 2501 Pine Avenue, Niagara Falls, NY 14301? Get detailed property transactions here .

About Little Italy


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