3,200 ft2
Fully Air Conditioned
Forced Air
$1,280,000
This fantastic investment opportunity is located in the prime Niagara Falls tourist district, minutes from the Falls and the casino. The property features a 2,000 sq ft ground-floor restaurant currently leased at $4,300/month plus HST, which will increase to $4,500 this August, with $200 annual increments. The lease has three years remaining. The 1,200 sq ft upper unit, currently used for massage therapy, is leased at $2,000/month. Annual income totals $74,400. With 2025 taxes at $12,102, the cap rate is approximately 5%. With recent updates including electrical, plumbing, roof, HVAC, and water heater, this high-visibility property offers stable income and future potential. (id:50976)
Property Details
|
MLS® Number
|
X13502100 |
|
Property Type
|
Retail |
|
Community Name
|
215 - Hospital |
|
Amenities Near By
|
Public Transit |
|
Parking Space Total
|
12 |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Exterior
|
3200 Sqft |
|
Size Interior
|
3,200 Ft2 |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
|
Size Depth
|
198 Ft ,5 In |
|
Size Frontage
|
54 Ft ,1 In |
|
Size Irregular
|
Bldg=54.13 X 198.49 Ft ; 48.12 Ft X 198.74 Ft X 54.13 X 198.49 |
|
Size Total Text
|
Bldg=54.13 X 198.49 Ft ; 48.12 Ft X 198.74 Ft X 54.13 X 198.49 |
|
Zoning Description
|
Gc, R1e |
https://www.realtor.ca/real-estate/29967666/5689-main-street-niagara-falls-hospital-215-hospital
