1113 Main Street, Niagara Falls, NY 14301 | MLS #B1669166 | HUNT Real Estate
 
  • 95 days on site
  • 4 views

Positioned on one of Niagara Falls' most visible & heavily traveled corridors, 1113 Main Street presents an exciting opportunity for the savvy investor, entrepreneur, or redevelopment-minded buyer looking to capitalize on location, zoning, & upside potential. This approximately 2,290 square feet vinyl & stucco-sided property is currently configured as a two-family residence, offering two bedrooms in each unit, plus an additional room off the rear of the property that opens the door to even more possibilities. Whether you're looking to renovate and hold as an income-producing asset, create a hybrid use property, or reimagine the layout to maximize returns, this property offers the kind of flexibility that today's investors are searching for Prime Main Street Spot. Location is everything, & this property delivers. Situated right on Main Street, this building enjoys excellent visibility, strong accessibility, & proximity to one of the most visited destinations in the world. Being located just minutes from the world-famous Water Falls & borders Canada. Breath taking views of the mighty gorge minutes away priceless. Buyers looking toward the future, one of the biggest advantages here is the property's location within the short-term rental/AirBnB-allowed zone, creating a compelling opportunity to explore alternate income strategies, subject to local rules, licensing, & approvals. Destination market like Niagara Falls, the ability to own property in an area where short-term lodging potential exists can be a major long-term value driver. This is not a turnkey property-and that's exactly where the opportunity lies. The property does need work, but it is being offered at a price point that allows room for a buyer to make improvements, add value, & unlock greater profitability over time. The C2-A zoning designation is another key feature that adds to this property's appeal. Great investments are often bought in as is condition & improved over time. The bones, the square footage, the location, the layout, & the zoning all combine to create a compelling value-added opportunity. Most recognizable destination in the world. People from around the globe know Niagara Falls.

Source: New York Alliance, MLS#: B1669166

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  • Property Type
    Residential
  • Lot
    0.15 acres

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  • Median Age
    42
  • Population Density
    7,080
  • College Educated
    30%
  • Estimated Median Income
    $31,244
  • Estimated Total Home Owners
    2,581
  • Estimated Total Renters
    3,154
  • Owner / Renter Divide
    45% / 55%
  • Estimated Average Household Size
    2
  • Total Population
    11,838
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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