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Own 3 Buildings In 1, 5848-5860 Ferry Street, Steps From Clifton Hill

$2,500,000

For Sale: , in

OWN 3 BUILDINGS IN 1, 5848-5860 FERRY STREET, STEPS FROM CLIFTON HILL

Iain C

Realtor

Listing Details

Subtype: Storefront, Other Retail, Storefront Retail/Residential

Year renovated: 2021

Total building size (sq. ft.): 6500

Zoning: General Commercial

Parking spaces: 10

Sale type: Ideal for both investors and owner-users

Tenancy: Multiple

Lot Size: 5,265 Sq Ft

Total Area: 6,500 sq ft

Financial Details

Net operating income: $150,000

Percent leased: 66%

Cap rate: 6%

Description

Exceptional Mixed-Use Investment Opportunity In The Heart Of Niagara Falls At 5848-5860 Ferry Street, Featuring Two Adjoining Buildings With A Total Of 6 Income-Generating Units, Including 3 Commercial Storefronts And 3 Residential Apartments. Ideally Situated Right On Ferry Street, In A High-Traffic, High-Visibility Location Just Steps From Major Attractions, Transit, And Established Local Businesses, This Property Offers Strong Exposure And Consistent Foot Traffic. The Commercial Units Provide Flexible Layouts Suitable For A Variety Of Uses Including Retail, Service, Or Grocery, Offering Excellent Long-Term Leasing Potential. The Residential Units Are Spacious And Well-Maintained, Delivering Stable Rental Income With Opportunity For Future Rent Growth. With Minimal Operating Expenses And Strong Income Fundamentals, This Property Presents An Attractive Investment With Immediate Cash Flow. Additional Value-Add Potential Exists Through Optimization Of Underutilized Space And Future Repositioning Opportunities. Located In A Growing And Vibrant Area Of Niagara Falls, This Is A Rare Chance To Acquire A Turnkey Mixed-Use Asset With Both Stability And Upside Potential For Investors Or End-Users Looking To Expand Their Portfolio.

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Location & nearby

This listing is located in Niagara Falls, ON L2G 1S9

5848 Ferry Street, Niagara Falls, ON, Canada

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Iain C

Realtor

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