914 Center StLewiston, NY 14092

Property Details for 914 Center St

Year built

1920

Lot size

0.28 AC

Property size (Sq ft)

2,316 SF

Property type

Investment properties

Property subtype

Live-work space

APN

292401 101.11-2-31.1

APU

292401101112311

Description

This exceptional 3,316 square foot commercial property at 914 Center Street in Lewiston, NY, presents a unique investment opportunity. Currently housing a successful salon and pet salon, this building offers high visibility and foot traffic on a vibrant street. The well-maintained structure boasts numerous updates, including newer windows and a tankless hot water heater. Its versatile interior layout is adaptable to various commercial uses, allowing for flexible workspace configurations. A significant advantage is the beautifully landscaped 0.27-acre lot featuring a park-like backyard with a gazebo. This tranquil outdoor space is a rare find for a commercial property, adding significant appeal. The property's strategic location near the Canadian border and Niagara Falls ensures high exposure to international tourism and traffic. Easy access to major highways and a thriving community further enhances its desirability. The sale includes the building and land

• CAP approach

  CAP return

  Valuation

  6%

  $420,130

  6.5%

  $387,812

  7%

  $360,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $221,572

  Geo Method

  $208,985

• Alternative Use

  Use

  Valuation

  Residential

  $480,887

  Hospitality

  $440,490

  Educational

  $366,482

  Medical

  $379,086

  Retail

  $570,084

Location Insight

City

Lewiston

County

Niagara

State

New York

Latitude

43.173

Longitude

-79.0305

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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