5848-5860 Ferry Street

Commercial for sale in 216 - Dorchester, Niagara Falls — $2,149,888

5848-5860 Ferry Street — photo 15848-5860 Ferry Street — photo 25848-5860 Ferry Street — photo 3

Key facts

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.

See the original listing at Exp Realty

Homes for sale in Niagara Falls · Commercial for sale in Niagara Falls