744 19Th StNiagara Falls, NY 14301

Property Details for 744 19Th St

Year built

1940

Lot size

0.08 AC

Property size (Sq ft)

1,450 SF

Zone code

C2-B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

291100 144.80-3-26

APU

29110014480326

Description

This mixed-use property in Niagara Falls, NY's Little Italy, presents a unique owner-user opportunity. The 1,450 square foot building, constructed in 1940 and renovated in 2022, features a fully equipped, functional restaurant and a separate rear apartment with its own entrance. The C2-B zoning allows for a variety of uses, making this a versatile investment. The kitchen and apartment boast recent updates, eliminating the need for immediate capital improvements. The property sits on a 0.08-acre lot and includes two units, currently vacant. The asking price is $250,000, translating to $172.41 per square foot. The building is a single-story Class B structure. The rear of the building offers potential storage space, or the apartment can generate ancillary income through rental. This turnkey restaurant opportunity is ideal for an owner-operator seeking a ready-to-use space with additional income potential. The property's location in Little Italy provides excellent visibility and access to a vibrant community. The address is 744 19th Street, Niagara Falls, NY 14301. The APN is 291100-144-080-0003-026-000.

• CAP approach

  CAP return

  Valuation

  6%

  $263,036

  6.5%

  $242,802

  7%

  $225,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $138,722

  Geo Method

  $130,889

• Alternative Use

  Use

  Valuation

  Residential

  $301,075

  Hospitality

  $275,783

  Educational

  $229,448

  Medical

  $237,339

  Retail

  $356,919

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.0964

Longitude

-79.0394

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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