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USANYNiagara FallsBuffalo Ave & Sub6908 Buffalo Ave
6908 Buffalo Ave, Home with 0 bedrooms, 0 bathrooms and 15 parking in Niagara Falls NY | Image 1
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$650,000

6908 Buffalo Ave, Niagara Falls, NY

Real Estate

For Sale

$--,---,---
0015
Open House
Tue. Jun 24, 9:00-11:00 pm UTC
  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size 3504 sqft
Garage No
Maintenance Fees 
Taxes $5,759
Days Active 62
Approx. Age 1964
Avg. Price Per Sqft $185
MLS® Number B1598177

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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 3 long term tenants (rent includes heat and electric). The other 3 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) = $34k - That is a 26% return on your downpayment of $130k - A very healthy Cap Rate of 11.36 - Debt Service Coverage Ratio (DSCR) of 1.87. 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). Restaurant is also listed as a rental ML B1612323Show Description
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No Data
Walk Score®
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No Data
Transit Score®
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No Data
Bike Score®
MLS® NumberB1598177
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1964
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas, Forced Air
A/C
Heating Fuel

Extras

Equipment, Land and Building

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