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$ 2,149,888
Est. payment /mo
New
5848-5860 ferry ST Niagara Falls, ON L2G 1S9
7 Baths
6,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $330
Subdivision 216 - Dorchester
MLS Listing ID X13720800
Annual Tax Amount $1,650
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Exceptional Three-Building Mixed-Use Investment Portfolio In The Heart Of Niagara Falls, Positioned At An Approximately 7% Pro Forma Cap Rate. Spanning 5848-5860 Ferry Street, This Unique Portfolio Features Six Units Across Three Buildings, Including Three Commercial Units And Three Residential Units, Creating A Diversified Mix Of Commercial And Residential Income. Existing Tenancies Provide An Income Base While Currently Available Space Offers Investors Additional Lease-Up Potential, With A Stabilized NOI. The Properties Have Benefited From Significant Capital Improvements And Offer Excellent Exposure Along Ferry Street, Just Minutes From Clifton Hill, The Falls, Fallsview Casino, Major Hotels, Restaurants And Niagara Falls' Tourism And Entertainment District. General Commercial (GC) Zoning Allows For A Broad Range Of Permitted Uses, Providing Flexibility For Investors And Business Owners. Buyers Are Encouraged To Conduct Their Own Due Diligence Regarding Zoning, Permitted Uses And Any Future Development Potential. The Combined Properties Also Offer Approximately 10 On-Site Parking Spaces With Shared Driveway Access. A Rare Opportunity To Acquire Three Side-By-Side Mixed-Use Buildings As One Portfolio, Combining Existing Income, Lease-Up Potential And Long-Term Investment Opportunity In One Of Niagara Falls' Most Active Commercial Corridors.
Location
Province ON
County Niagara
Area Niagara
Zoning GC
Interior
Cooling Yes
Inclusions All window coverings, existing elfs, all appliances
Exterior
Parking Features Outside/Surface
Community Features Major Highway, Public Transit
Utilities Available Yes
Building
Lot Description Lot
Others
Virtual Tour https://youtu.be/aBwkSYNqPEw?si=UQgDU7A4oLt_YvRi
Lited by EXP REALTY
NEARBY SCHOOL & BUSINESS