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515 3rd St 7,524 SF Office Building Niagara Falls, NY 14301 $399,900 ($53.15/SF)

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INVESTMENT HIGHLIGHTS

  • Prime Investment opportunity in the heart of Niagara Falls Entertainment District.
  • C2-A zoning district
  • Prime location in a high-traffic area with year-round tourist activity

EXECUTIVE SUMMARY

Prime Investment opportunity in the heart of Niagara Falls Entertainment District. Location, Location, Location. Situated near the Rainbow bridge to Canada and the Iconic Niagara Falls State Park and the 7th Wonder of the World. Last year 9.5 million (according to State of NY web site) tourist visited the area. Perfectly positioned in the bustling entertainment district of Niagara Falls, New York. Surrounded by world-class attractions, restaurants, and foot traffic from millions of tourists annually, this property offers unmatched potential. This property requires complete rehabilitation. A blank slate for the visionary investors, this building needs significant updates to unlock its full potential. Whether you're looking to create a boutique hotel, trendy restaurant, or unique entertainment venue, this diamond in the rough is ready for transformation. Prime location in a high-traffic area with year-round tourist activity. Rare opportunity to restore a property in one of the City's most vibrant districts. Seize the opportunity to shape your future with the proximity to one of the world's most famous destinations, this property is a canvas for your ambitious plans. The C2-A zoning district in Niagara Falls, New York is designated as a Traditional Commerical zone. This classification is intended to support a mix of commercial actives typically include retail stores, personal service establishments, restaurants, and offices. Economic growth potential the City and State are actively revitalizing its downtown and entertainment districts, making this the perfect time to invest. The property's current condition offers the chance to customize and modernize the space to fit your needs add significant value to the property. Don't miss the opportunity to turn this fixer-upper into a landmark property in one of the most dynamic areas of Niagara Falls. Tax records show the building size if 7,524 square feet

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Property Type
Office
Building Size
7,524 SF
Building Class
C
Year Built
1958
Price
$399,900
Price Per SF
$53.15
Building Height
2 Stories
Typical Floor Size
2,518 SF
Building FAR
0.96
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C2A
Parking
28 Spaces (2.11 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
291100-159-029-0001-042-000
Land Assessment
$9,400 (2024)
Improvements Assessment
$147,600 (2024)
Total Assessment
$157,000 (2024)
  • Listing ID: 34571086

  • Date on Market: 1/22/2025

  • Last Updated:

  • Address: 515 3rd St, Niagara Falls, NY 14301

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