5689 MAIN Street, Niagara Falls, ON L2G 5Z3

$1,180,000

Commercial Retail
MLS® X13502100

Listing Brokerage: ANJIA REALTY

Description

This fantastic investment opportunity is located in the prime Niagara Falls tourist district, minutes from the Falls and the casino. The property features a 2,000 sq ft ground-floor restaurant currently leased at $4,300/month plus HST, which will increase to $4,500 this August, with $200 annual increments. The lease has three years remaining. The 1,200 sq ft upper unit, currently used for massage therapy, is leased at $2,000/month. Annual income totals $74,400. With 2025 taxes at $12,102, the cap rate is approximately 5%. With recent updates including electrical, plumbing, roof, HVAC, and water heater, this high-visibility property offers stable income and future potential.

Property details

MLS® number: X13502100
Transaction: For Sale
Property type: Commercial
Style / use: Commercial Retail
Community: 215 - Hospital
City: Niagara Falls
Building area: 3200 Square Feet
Lot width: 54.13 Feet
Lot depth: 198.49 Feet
Heating: Gas Forced Air Open
Cooling: Yes
Garage: None
Taxes: $12,102.00
Tax year: 2025
Business type: Hospitality/Food Related
Retail area: 2000
Listing brokerage: ANJIA REALTY

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