2443 Military RdNiagara Falls, NY 14304

Property Details for 2443 Military Rd

Year built

1970

Lot size

1.08 AC

Property size (Sq ft)

10,362 SF

Zone code

01 - NOT ZONED

Property type

Banks

APN

293000 145.16-2-1

APU

2930001451621

Description

This exceptional two-story, 103,221 square foot building, situated on a 1.08-acre lot in Niagara Falls, NY, presents a unique investment opportunity. Originally constructed in 1964, this former bank/office building offers versatile space suitable for executive, medical, or traditional office uses. The property's B-1 General Commercial zoning allows for a range of possibilities, making it an ideal candidate for redevelopment. The building features a convenient drive-through, a significant asset for various business models. Located at 2443 Military Road, in the Military Road/Niagara Falls Blvd submarket cluster of Niagara County, this property benefits from high visibility and accessibility. The single-tenancy structure provides flexibility for a single large occupant or can be easily subdivided for multiple tenants. The substantial lot size offers ample parking and potential for expansion or additional development. This property is available for both sale and lease, providing options to suit diverse investment strategies. Serious inquiries are encouraged to explore the full potential of this prime commercial real estate offering in the thriving Buffalo/Niagara Falls market. The property's address is 2443 Military Rd, Niagara Falls, NY 14304.

• CAP approach

  CAP return

  Valuation

  6%

  $2,763,158

  6.5%

  $2,550,607

  7%

  $2,368,421

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,498,162

  Geo Method

  $2,355,885

• Alternative Use

  Use

  Valuation

  Residential

  $2,151,532

  Hospitality

  $1,970,792

  Educational

  $1,639,676

  Medical

  $1,696,067

  Retail

  $2,550,607

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.1034

Longitude

-78.9804

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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