$650,000

6908 Buffalo Avenue, Niagara Falls, NY 14304

  • 3,504 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $186/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

INVESTORS TAKE NOTICE....Look at this package.... A 6 room Motel, a Restaurant, a 2 bedroom ranch house & a parking lot. The restaurant features equipment you need to get started: tables, barstools, kitchen appliances, grill, gas stove and walk in cooler to name a few. The 6 room motel has 4 month to month tenants (rent includes heat and electric). The other 2 units are ready to be rented out either long term or nightly. The 2 bedroom remodeled ranch would make an excellent location for an owner/manager to live just steps away from the motel/restaurant. A view of the Niagara River from the restaurant front window adds charm for your guest. Located on Buffalo Ave which is a main throughfare into the City of Niagara Falls and a block from the Grand Island Bridge makes this the perfect opportunity and location to operate your business. This package include 3 parcels: 6908 Buffalo Ave SBL 160.82-1-21...6826 Buffalo Ave SBL 160.82-1-38 and 113 69th St SBL 160.82-1-22 Sale Price of $650k yields the following results: Cashflow (free & clear) = $32k - That is a 25% return on your downpayment of $130k; A very healthy Cap Rate of 11; Debt Service Coverage Ratio (DSCR) of 1.81. This means that with a commercial lender, this asset looks strong and attractive. Most lenders want to see 1.25 and higher. - This analysis does not even factor in the potential income that can be drawn from the extra parking lot (parking income for commercial vehicles, storage, buildable lot).

Listing Status:
Active
Date Added:
April 8, 2025 at 05:00AM
Listing Office:
Red Door Real Estate WNY LLC : 716-768-1177
Listing Agent:
Renee J Moran : 716-866-8361
MLS ID:
B1598177
  • Heating: GasForced Air
  • Fireplace: Fireplaces: 0
  • Parking: On SiteOtherSee RemarksSurfacedParking spaces: 15
  • Roofing: Asphalt
  • General: 1
  • Originating MLS: NYS_B
  • School District: Niagara Falls
  • County: Niagara
  • Zoning: C1-A291100-160-082-0001-021-000
  • Utilities: Electricity ConnectedSewer Connected
  • Sewer: Public Sewer
  • Source: NYS_B

This listing courtesy of Renee J Moran, Red Door Real Estate WNY LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cataract Elementary School

6431 Girard Ave, Niagara Falls, NY, 14304

Grades PK-6

0.75 miles away

L

Lasalle Preparatory School

7436 Buffalo Ave, Niagara Falls, NY, 14304

Grades 7-8

0.34 miles away

N

Niagara Falls High School

4455 Porter Rd, Niagara Falls, NY, 14305

Grades 9-12

2.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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