2925 Military RdNiagara Falls, NY 14304

Property Details for 2925 Military Rd

Year built

1969

Lot size

1.06 AC

Property size (Sq ft)

11,640 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

293000 145.07-4-76

APU

29300014507476

Description

Exceptional business opportunity awaits at 2925 Military Road, Niagara Falls, NY. This 1.055-acre property boasts high visibility and traffic, situated in a prime business district with easy access to the 190 and the Fashion Outlets of Niagara. The 11,640 square foot building features a spacious showroom with abundant natural light, nine individual offices, four restrooms, a kitchenette/breakroom, and two meticulously maintained workshop areas. Two warehouse spaces offer ample storage, complemented by six overhead garage doors (five with Wi-Fi control), three of which are large enough to accommodate six trucks. The property includes ample paved parking and has recently undergone significant improvements, including a new rubber roof and a new gate. The building's meticulous maintenance and ideal location present endless possibilities for a variety of commercial ventures. The property is vacant and ready for immediate occupancy. This is a truly spectacular property with a prime location and exceptional features. The asking price is $674,999.

• CAP approach

  CAP return

  Valuation

  6%

  $2,618,300

  6.5%

  $2,416,892

  7%

  $2,244,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,726,081

  Geo Method

  $1,627,828

• Alternative Use

  Use

  Valuation

  Residential

  $2,416,892

  Hospitality

  $2,213,860

  Educational

  $1,841,906

  Medical

  $1,905,252

  Retail

  $2,865,187

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.1121

Longitude

-78.9881

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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