5848 Ferry St - Retail FOR SALE


Niagara Falls, ON L2G 1S9- Corwin Crescent
$2,500,000 CAD
437-494-6304
5848 Ferry St, Niagara Falls, ON for Sale
$2,500,000 CAD
Retail - FOR SALE
1/33
null | 6.9% 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

OVERVIEW

RARE Exceptional Mixed-Use Investment Opportunity, STEPS FROM CLIFTON HILL At 5848-5860 Ferry Street, Featuring Two Adjoining Buildings With A Total Of 6 Income-Generating Units, Including 3 Commercial Storefronts And 3 Residential Apartments. Ideally Situated Right On Ferry Street, In A High-Traffic, High-Visibility Location Just Steps From Major Attractions, Transit, And Established Local Businesses, This Property Offers Strong Exposure And Consistent Foot Traffic. The Commercial Units Provide Flexible Layouts Suitable For A Variety Of Uses Including Retail, Service, Or Grocery, Offering Excellent Long-Term Leasing Potential. The Residential Units Are Spacious And Well-Maintained, Delivering Stable Rental Income With Opportunity For Future Rent Growth. With Minimal Operating Expenses And Strong Income Fundamentals, This Property Presents An Attractive Investment With Immediate Cash Flow. Additional Value-Add Potential Exists Through Optimization Of Underutilized Space And Future Repositioning Opportunities. Located In A Growing And Vibrant Area Of Niagara Falls, This Is A Rare Chance To Acquire A Turnkey Mixed-Use Asset With Both Stability And Upside Potential For Investors Or End-Users Looking To Expand Their Portfolio.

FOR SALE DETAILS

PRICE

$2,500,000 CAD

PRICE/SF

$48 CAD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

General Commercial

APN/PARCEL ID

272507000103701

ASK ABOUT THIS PROPERTY

Iain CThe Barry TeamMore Info
437-494-6304

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Iain CThe Barry TeamMore Info
437-494-6304

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