3018 Military RdNiagara Falls, NY 14304

Property Details for 3018 Military Rd

Year built

1985

Lot size

0.94 AC

Property size (Sq ft)

5,320 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

293000 145.07-3-15

APU

29300014507315

Description

This exceptional 5,320 square foot office space is ideally situated on Military Road in Niagara Falls, New York, offering a single-tenant occupancy opportunity. The property boasts a highly visible location within a thriving business district, surrounded by medical practices and other professional offices. Its proximity to Mount St. Mary's Hospital and Memorial Medical Center makes it particularly attractive for medical professionals or businesses serving the healthcare industry. The convenient access to the Niagara 190 provides easy commutes to Buffalo, Lewiston, and Canada. High traffic counts ensure significant visibility for your business. Ample parking is available with a paved lot providing 33 surface parking spaces. The building is classified as a Traditional Office, Executive Office, and Medical Office, making it suitable for a variety of professional uses. The property is located in Niagara County, New York, with the full address being 3018 Military Road, Niagara Falls, NY 14304. This location offers a blend of accessibility and visibility, making it an excellent investment opportunity for businesses seeking a prominent presence in a busy commercial area. The property's versatility and prime location make it a compelling option for a variety of professional tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $965,065

  6.5%

  $890,829

  7%

  $827,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $508,965

  Geo Method

  $480,004

• Alternative Use

  Use

  Valuation

  Residential

  $1,104,628

  Hospitality

  $1,011,833

  Educational

  $841,833

  Medical

  $870,785

  Retail

  $1,309,519

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.113

Longitude

-78.991

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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