2450 Military RdNiagara Falls, NY 14304

Property Details for 2450 Military Rd

Year built

1979

Lot size

0.61 AC

Property size (Sq ft)

10,104 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

293000 145.16-1-3

APU

2930001451613

Description

This exceptional 9,696-square-foot retail space is ideally situated at 2450 Military Road in Niagara Falls, New York, within Niagara County. The single-tenant building, constructed in 1979 and extensively renovated in 2011, sits on a 0.61-acre lot and offers ample parking with 23 spaces. The property boasts a robust electrical system, featuring 400-amp, 120/208-volt, 3-phase power, ensuring sufficient capacity for a wide range of commercial uses. Currently, the entire 9,696 square feet is available for lease, presenting a unique opportunity for a business seeking a prominent location in a vibrant area. The property's strategic location on Military Road offers excellent visibility and accessibility, making it an attractive prospect for businesses seeking high foot traffic and convenient access for customers. The 2011 renovation ensures the building is in excellent condition and ready for immediate occupancy. The zip code is 14304. This property is perfect for a business seeking a substantial and well-maintained space in a prime Niagara Falls location. The ample parking and robust power supply are key advantages for prospective tenants. This is a rare opportunity to secure a significant retail presence in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,272,792

  6.5%

  $2,097,962

  7%

  $1,948,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,498,310

  Geo Method

  $1,412,995

• Alternative Use

  Use

  Valuation

  Residential

  $2,097,962

  Hospitality

  $1,921,722

  Educational

  $1,598,850

  Medical

  $1,653,837

  Retail

  $2,487,100

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.104

Longitude

-78.9822

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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