$1,280,000
Available - For Sale
Listing ID: X13502100
5689 MAIN Street , Niagara Falls, L2G 5Z3, Niagara
| 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 increments. 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. |
| Price | $1,280,000 |
| Taxes: | $12102.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 5689 MAIN Street , Niagara Falls, L2G 5Z3, Niagara |
| Postal Code: | L2G 5Z3 |
| Province/State: | Niagara |
| Legal Description: | PT BLK W/S PORTAGE RD OR MAIN ST PL 653 |
| Directions/Cross Streets: | Main St & Summer St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Use: | Hospitality/Food Related |
| Building Percentage: | T |
| Total Area: | 3200.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | T |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ANJIA REALTY |
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|
Shabbir Khokher
Sales Representative
Dir:
416-831 8132
Bus:
416-270-1111
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 215 - Hospital |
| Tax: | $12,102 |
| Fireplace: | N |
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