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1329 Pine Ave 12,896 SF 100% Leased Office Building Niagara Falls, NY 14301 $580,000 ($44.98/SF)



Executive Summary
Investment Opportunity: High-Yield Professional Center. Secure a high-visibility, 11,000+ SF value-add asset located just one block from Niagara Falls Memorial Hospital. This multi-unit property is perfectly positioned for an investor looking to capitalize on the medical and professional services demand in the area. Investment Highlights include: Income Stability: 1329 Pine Ave (Unit 1) is currently occupied by good long term tenant (Church), providing some immediate cash flow. Immediate Leasing Potential: Units 1321 and 1319 are move-in ready, featuring showrooms, private offices, and bathrooms for quick occupancy. Renovation Upside: Unit 1315 (1,600 SF) is a blank canvas ready for custom build-out, allowing for increased market rent upon completion. Large-Scale Suite: The 5,500 SF second floor is a medical suite with 9 offices, 4 baths, and plumbed exam rooms—ideal for a high-value anchor tenant. Asset Features: Parking & Logistics: 12 onsite spaces plus 50+ adjacent municipal spaces; rare for this corridor. Building Infrastructure: Equipped with an elevator, fire alarm, and full sprinkler system. Prime Location: High-traffic corner with massive medical-retail potential. Maximize your ROI in a prime hospital-adjacent location
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,896 SF
Building Class
C
Year Built
1953
Price
$580,000
Price Per SF
$44.98
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,598 SF
Building FAR
0.93
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C2-B - Commercial
Parking
12 Spaces (1.07 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
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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Presented by
Park Realty of WNY
1329 Pine Ave
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