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1319-1329 Pine Ave
Niagara Falls, NY 14301
Office Property For Sale
EXECUTIVE SUMMARY
Presenting a prime commercial opportunity at the corner of Pine Avenue & Tronolone Place in the heart of Niagara Falls, NY. This two-story elevator building boasts five versatile commercial spaces ready to be utilized. Built-in 1953, the property spans 11,196 SF on a sizeable 10,454 SF lot.
Consisting of a mix of leased and vacant units, the property offers a fantastic income-generating potential. With an average rent of $3,750 per unit, the total income is $87,176 annually. The NOI stands at an impressive $69,794 and an almost 10% cap at the asking price.
Benefiting from a strategic location and a bustling commercial area, this property presents an excellent investment opportunity in a growing market. Discover the possibilities that await with this property - schedule a viewing today and unlock the potential of 1319-1329 Pine Avenue.
Consisting of a mix of leased and vacant units, the property offers a fantastic income-generating potential. With an average rent of $3,750 per unit, the total income is $87,176 annually. The NOI stands at an impressive $69,794 and an almost 10% cap at the asking price.
Benefiting from a strategic location and a bustling commercial area, this property presents an excellent investment opportunity in a growing market. Discover the possibilities that await with this property - schedule a viewing today and unlock the potential of 1319-1329 Pine Avenue.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
11,196 SF
Building Class
C
Year Built
1953
Price
$595,000
Price Per SF
$53.14
Cap Rate
11.76%
NOI
$70,000
Percent Leased
62%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,598 SF
Building FAR
1.07
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
C2-B - Commercial
Parking
12 Spaces (1.07 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $207,500 | |
| Land Assessment | $49,000 | Total Assessment | $256,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$49,000
Improvements Assessment
$207,500
Total Assessment
$256,500
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