435 3rd Street, Niagara Falls, NY 14301

Property Description

Prime mixed-use investment opportunity in the heart of downtown Niagara Falls! Located just steps from Niagara Falls State Park and the Rainbow Bridge, this fully turnkey, income-producing property sits in a high-traffic tourist corridor within the Redevelopment District. With access to over 14 million annual visitors, the site benefits from exceptional pedestrian traffic and immediate international cross-border exposure. Positioned within a vibrant, revitalized, and walkable district. Please note that this property may be eligible for a grant of up to 100k from the City of Niagara Falls and it may be used towards renovation and acquisition. It is reimbursed and 10% must go towards exterior improvements (signage, landscaping, parking lot improvements etc.). The fully leased building consists of 8 residential apartments and 2 commercial units, all with separate utilities and on-site parking. Recent improvements include newer windows and sewer lines, along with updated apartments featuring modern kitchens, newer appliances (all included), fresh paint, and new laminate flooring. The lower commercial unit includes a spacious bar area, outdoor patio, walk-in cooler, two bathrooms, ice machines, sump pump, and basement storage. The second lower commercial space offers a flexible open layout with a standard entry, garage door access to 3rd Street, separate delivery entrance, A/C, walk-in cooler, sump pump, basement, ADA-compliant bathroom and is the future site of a museum/lounge. Residential units feature a diverse unit mix: one large 3-bedroom, 2-bath apartment with separate entrances, high ceilings, natural woodwork, dining room, and basement; two 2-bedroom units (one with patio, one with porch); and five 1-bedroom units. Fully occupied and well-maintained, this property delivers immediate cash flow in a premier location with strong tourism demand. Conveniently located near public transportation, restaurants, entertainment, special events, and more! Building only for sale; businesses not included. Property is also listed under B1670399.