2070 Cayuga Drive ExtNiagara Falls, NY 14304

Property Details for 2070 Cayuga Drive Ext

Year built

2000

Lot size

3.30 AC

Property size (Sq ft)

6,156 SF

Property type

Automotive properties

APN

294000 161.02-1-15.1

APU

294000161021151

Description

This exceptional Niagara Falls property offers 11,176 square feet of versatile commercial space, ideally suited for a variety of uses. The property comprises two buildings on a 3.3-acre lot, conveniently located near the Niagara Falls Airport and expressway. Building 1 boasts over 6,000 square feet, including approximately 4,000 square feet of attractive office/showroom space featuring stamped concrete flooring, a kitchen area, common areas, offices, and restrooms. A 2,000-square-foot infrared-heated warehouse area with a 12-foot overhead door is also included. Building 2 is a large, unheated warehouse exceeding 5,000 square feet, equipped with a 12x12 overhead door for easy access. A large fenced area between the buildings provides ample parking and enhanced security. A loading dock is also available. The property features a paved parking lot with over 30 spaces, 16-foot ceilings in the warehouse areas, and is zoned C1. Built in 2000, this single-story property is currently vacant and available for immediate occupancy. The buildings could be utilized by a single large company or divided for multiple tenants. This property presents a unique opportunity for various commercial ventures, including retail or automotive sales.

• CAP approach

  CAP return

  Valuation

  6%

  $1,641,570

  6.5%

  $1,515,296

  7%

  $1,407,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,484,141

  Geo Method

  $975,930

• Alternative Use

  Use

  Valuation

  Residential

  $1,278,208

  Hospitality

  $1,170,832

  Educational

  $974,119

  Medical

  $1,007,620

  Retail

  $1,515,296

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.0935

Longitude

-78.9388

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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