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
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