5689 MAIN Street, Niagara Falls (Hospital), Ontario L2G5Z3
Listing courtesy of ANJIA REALTY.
- $1,280,000
- 3,200
- SqFt
- List Price
- $1,280,000
- MLS®
- X13502100
- Days on Market
- 83
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- Retail
- Living Area
- 3,200
- Lot Size Dimensions
- Bldg=54.13 x 198.49 FT ; 48.12 ft x 198.74 ft x 54.13 x 198.49
- Subdivision
- 215 - Hospital
Property Description
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. (id:5764)
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Additional Information
- Subdivision
- 215 - Hospital
- Parking Spaces
- 12
- Cooling
- Fully air conditioned
- Country
- Canada
- Heating
- Forced air, Natural gas
