$1,180,000 Sale

Listed 105 days ago

5689 MAIN STREET

MLS® x13502100 Retail

Your request was received!

We'll be in touch soon to confirm the details.

Date:

Beds · 0

Baths · 0.0

Parking · 12

Sqft · 3200

Est. mortgage

$4,477/mo

Key Facts

Key facts for 5689 MAIN STREET

Property Type

Commercial

Parking

Garage: No, 12 parking

MLS #

X13502100

Size

3200 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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 incr...ements. 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. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

3200 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

3200 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

Bldg=54.13 x 198.49 FT ; 48.12 ft x 198.74 ft x 54.13 x 198.49

Parking Spaces

Garage Spaces Y/N

Zoning Description

GC, R1E

Land Amenities

Public Transit

Acreage

Bldg=54.13 x 198.49 FT ; 48.12 ft x 198.74 ft x 54.13 x 198.49

Parking Spaces

Garage Spaces Y/N

Zoning Description

GC, R1E

Land Amenities

Public Transit

Building Description

Home Type

Commercial

Subtype

Retail

Water Supply

Municipal water

Home Type

Commercial

Subtype

Retail

Water Supply

Municipal water

Community

Hospital

Area Code

Niagara Falls (Hospital)

Community

Hospital

Area Code

Niagara Falls (Hospital)

Similar Properties (No results)

Mortgage Calculator

Calculate your estimated monthly mortgage payment

Price $1,180,000

Down payment

Interest rate

Amortization

Total cost of mortgage

Monthly payment

By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).

The accuracy and applicability of this calculator are not guaranteed.

SUTTON-BENCHMARK REALTY INC., BROKERAGE

Email: [email protected] Cell: 705-566-5454