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Niagara Falls, NY 14301 515 3rd Street

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Presented By: Louis S Rizzo with Howard Hanna WNY Inc.;
  • MLS# B1584438
  • 01/15/2025
  • Request Tour
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  • SQFT • 7,524

Home Details

Prime Investment opportunity in the heart of Niagara Falls Entertainment District. Location, Location, Location. Situated near the Rainbow bridge to Canada and the Iconic Niagara Falls State Park and the 7th Wonder of the World. Last year 9.5 million (according to State of NY web site) tourist visited the area. Perfectly positioned in the bustling entertainment district of Niagara Falls, New York. Surrounded by world-class attractions, restaurants, and foot traffic from millions of tourists annually, this property offers unmatched potential. This property requires complete rehabilitation. A blank slate for the visionary investors, this building needs significant updates to unlock its full potential. Whether you're looking to create a boutique hotel, trendy restaurant, or unique entertainment venue, this diamond in the rough is ready for transformation. Prime location in a high-traffic area with year-round tourist activity. Rare opportunity to restore a property in one of the City's most vibrant districts. Seize the opportunity to shape your future with the proximity to one of the world's most famous destinations, this property is a canvas for your ambitious plans. The C2-A zoning district in Niagara Falls, New York is designated as a Traditional Commerical zone. This classification is intended to support a mix of commercial actives typically include retail stores, personal service establishments, restaurants, and offices. Economic growth potential the City and State are actively revitalizing its downtown and entertainment districts, making this the perfect time to invest. The property's current condition offers the chance to customize and modernize the space to fit your needs add significant value to the property. Don't miss the opportunity to turn this fixer-upper into a landmark property in one of the most dynamic areas of Niagara Falls. Tax records show the building size if 7,524 square feet
Presented By: Louis S Rizzo with Howard Hanna WNY Inc.;

Interior Features for 515 3rd Street

Bathrooms

Main Level Bathrooms0
Total Baths

Other Interior Features

BasementNone
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther, SeeRemarks
Heating Y/NYes
Total Fireplaces
Total Stories2

General for 515 3rd Street

Building FeaturesOffice
CityNiagara Falls
Construction MaterialsBlock
CountyNiagara
DirectionsLocated between Main Street and Ferry Ave near the Casino section of the City. walking distance to the Rainbow Bridge to Canada.
Elementary School DistrictNiagara Falls
HeatingGas, ForcedAir
High SchoolNiagara Falls High
High School DistrictNiagara Falls
Lease Considered Y/NNo
LevelsTwo
Lot Size Square Feet7524.0
Lot Size UnitsAcres
MLS AreaNiagara Falls-City-291100
Middle/Junior School DistrictNiagara Falls
Number Of Units Total
PossessionCloseOfEscrow
Property ConditionResale
Property Sub Type AdditionalCommercial
Property SubtypeCommercial
Property TypeCommercialSale
RoofFlat
School DistrictNiagara Falls
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameHaines
Tax Annual Amount10679.0
Tax Assessed Value157000
Tax Lot42
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesSewerConnected
Year Built1958
Year Built DetailsExisting
ZoningC2-A
Zoning DescriptionCommercial

Exterior for 515 3rd Street

Building Area Total7524.0
InclusionsLand and Building
Lot Dimensions57X132
Lot FeaturesRectangular, RectangularLot
Lot Size Acres0.1727
Lot Size Area0.1727
Number of Buildings1
Parking FeaturesOnSite, Surfaced
Total Parking16.0
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Niagara Falls High
Middle School N/A
Elementary School N/A

Alison Stewart

Associate Broker
Price $399,900
MLS#B1584438
List Date 01/15/2025
Property Type Commercial
Phone 716.901.5514
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