435 3rd Street, Niagara Falls, NY 14301
sale
$759,000
|
Other
Courtesy Of Deal Realty, Inc
Exceptional mixed-use property anchored by 8 income-generating residential apartments, complemented by 2 commercial spaces, delivering multiple streams of stable, diversified income. Located just steps from Niagara Falls State Park and the Rainbow Bridge, this high-visibility asset sits in a premier tourist corridor benefiting from over 14 million annual visitors. The residential component is fully leased & well maintained, featuring separate utilities for all units and on-site parking. The unit mix includes one spacious 3-bedroom, 2-bath apartment with historic charm & private entrances; two 2-bedroom units; five 1-bedroom units, offering strong occupancy appeal & consistent rental demand. Units have been updated with modern kitchens, newer appliances (included), fresh paint & laminate flooring. Additional improvements include newer windows and updated sewer lines. The commercial component provides valuable supplemental income and long-term upside. The lower left unit is occupied by an established tenant and features a Pub with indoor seating, outdoor patio, walk-in cooler and dedicated storage. The second commercial unit offers a flexible, large-format layout with multiple access points, including garage-style entry and delivery access, making it attractive for a variety of uses such as retail, gallery, entertainment, or hospitality concepts. This future space is currently leased and is positioned for a museum/lounge concept, highlighting its adaptability & additional income potential. Both commercial units also have all separate utilities and are designed to support steady tenancy in a high-demand tourism & entertainment district, enhancing overall property cash flow and reducing reliance on a single income source. Surrounded by dining, entertainment, public transportation & year-round attractions, this walkable location supports both residential stability & commercial success. Please note that this property may be eligible for a grant of up to 100k from the City of NF & it may be used towards renovation & acquisition. It is reimbursed & 10% must go towards exterior improvements (signage, landscaping, parking lot improvements etc). Also listed under B1670381.
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Property Features
- Age: Over 50 Years Old
- Amenities: Porch
- Amenities: Patio
- Appliance: GasWaterHeater
- Appliance: GasOven
- Appliance: Refrigerator
- Appliance: GasRange
- Building Units: 8
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Laminate
- Floor Covering: Hardwood
- Floor Covering: Varies
- Floors: 3
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: B1670399
- Roof Type: Asphalt
- Roof Type: Membrane
- Roof Type: Rubber
- Rooms: Bedroom 7
- Rooms: Bedroom 6
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Basement
- Rooms: Bedroom 8
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
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