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$1,280,000
Est. payment /mo
3,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $400
Subdivision 215 - Hospital
MLS Listing ID X13502100
Annual Tax Amount $12,102
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
This fantastic investment opportunity is located in the prime Niagara Falls tourist district, minutes from the Falls and the casino. The property features a 2,000 sq ft ground-floor restaurant currently leased at $4,300/month plus HST, which will increase to $4,500 this August, with $200 annual increments. The lease has three years remaining. The 1,200 sq ft upper unit, currently used for massage therapy, is leased at $2,000/month. Annual income totals $74,400. With 2025 taxes at $12,102, the cap rate is approximately 5%. With recent updates including electrical, plumbing, roof, HVAC, and water heater, this high-visibility property offers stable income and future potential.
Location
Province ON
County Niagara
Area Niagara
Rooms
Kitchen 0
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 54.13
Lot Depth 198.49
Building
Lot Description Irregular Lot
New Construction false
Others
Security Features No
ParcelsYN No
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Listed by ANJIA REALTY
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