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2901 Pine Ave 13,000 SF Retail Building Niagara Falls, NY 14301 $249,000 ($19.15/SF)
Investment Highlights
- - 9,434 SF building size
- - Zoned C2-B for diverse commercial use
- - 2 units for versatile leasing options
Executive Summary
Mixed-Use 5 Residential Units and Commercial Unit with major value-add potential. Most residential units have been gutted to the studs and are ready for redevelopment. The lower level includes a former bar and retail space, along with a partially finished basement. Features a large open commercial area with 4 office rooms and a half bath. Some newer heating units in place. Property is being sold as-is and requires full renovation. Great opportunity for those looking to reposition a versatile asset in a centrally located corridor.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
13,000 SF
Building Class
C
Year Built
1900
Price
$249,000
Price Per SF
$19.15
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.24 AC
Zoning
C2-B - The Traditional Commercial district is intended to allow for a mix of residential and commercial uses along major travel corridors.
Parking
12 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
102’ on Pine Ave
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 291100-159-027-0001-004-000 | Improvements Assessment | $57,700 |
| Land Assessment | $37,300 | Total Assessment | $95,000 |
Property Taxes
Parcel Number
291100-159-027-0001-004-000
Land Assessment
$37,300
Improvements Assessment
$57,700
Total Assessment
$95,000
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2901 Pine Ave