1515 Pine AveNiagara Falls, NY 14301

Property Details for 1515 Pine Ave

Year built

1947

Lot size

0.05 AC

Property size (Sq ft)

2,013 SF

Zone code

C2-B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

291100 159.24-1-8

APU

2911001592418

Description

This exceptional 2,375 square foot retail property, located at 1515 Pine Ave in Niagara Falls, NY, 14301, presents a fantastic investment opportunity. Situated in a high-traffic business district, this single-unit building offers significant potential for a variety of uses. The flexible floor plan includes an open area, perfect for retail display or customer interaction, complemented by two private offices ideal for administrative tasks or consultations. A dedicated receptionist area ensures efficient client management, while a convenient storage room provides ample space for inventory or supplies. Two bathrooms add to the property's functionality and convenience. The building boasts both front and back entrances, enhancing accessibility and operational flexibility. The asking price for this well-maintained property is $117,900. This versatile space is suitable for a range of businesses, including but not limited to day care centers, pharmacies, and restaurants. Its prime location and adaptable layout make it an attractive proposition for entrepreneurs seeking a thriving commercial presence in Niagara Falls. The property is available for sale.

• CAP approach

  CAP return

  Valuation

  6%

  $452,806

  6.5%

  $417,975

  7%

  $388,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $298,506

  Geo Method

  $281,662

• Alternative Use

  Use

  Valuation

  Residential

  $417,975

  Hospitality

  $382,863

  Educational

  $318,537

  Medical

  $329,492

  Retail

  $495,503

Location Insight

City

Niagara Falls

County

Niagara

State

New York

Latitude

43.0948

Longitude

-79.0435

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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