5848 Ferry St - Storefront FOR SALE


Niagara Falls, ON L2G 1S9- Corwin Crescent
$2,150,000 CAD
437-494-6304
5848 Ferry St, Niagara Falls, ON for Sale
$2,150,000 CAD
Storefront - FOR SALE
1/30
null | 7.02% Cap Rate

5848 Ferry St
Niagara Falls, ON L2G 1S9
Corwin Crescent


HIGHLIGHTS

  • strong in-place cash flow
  • Multiple Value-Add Opportunities
  • Prime Tourist Corridor – Steps to Clifton Hill
  • General commercial zoning
  • strong cap rate

OVERVIEW

Exceptional Six Mixed-Use Building 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 Including Three Commercial Units And Three Residential Units, Creating A Diversified Mix Of Commercial And Residential Income. The Combined Properties Also Offer Approximately 10 On-Site Parking Spaces With Shared Driveway Access. $$$$ Spent On Capital Improvements, With New Flat Roofs, New Windows, Modern and High Quality Finishes.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.

FOR SALE DETAILS

PRICE

$2,150,000 CAD

PRICE/SF

$839 CAD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

5848-5860 ferry street 3 Buildings In One

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,075 SF

ZONING

General Commercial

APN/PARCEL ID

CUSTOM-2567949

ASK ABOUT THIS PROPERTY

Iain CarrilloThe Barry TeamMore Info
437-494-6304

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Iain CarrilloThe Barry TeamMore Info
437-494-6304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.