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Map
$299,900
●
Commercial -
For Sale
2501 Pine Avenue
Niagara Falls, NY 14301
Studio
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
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
Exterior Details
Property Information
Property Condition: Resale
Year Built: 1930
Building Information
Roof: Asphalt
Construction Materials: Brick
Lot Information
Lot Size Dimensions: 29X84
Lot Size Acres: 0.0559
Lot Size Square Feet: 2436
Land Information
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $61,000
Tax Annual Amount: $4,542
Utilities Details
Heating Type: Gas, Forced Air
Utilities: Sewer Connected
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Other
Loft
1
Bath
-
$311,000
Feb 28, 2023
$311,000
Jun 15, 2023
$816/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|