5689 Main Street
Niagara Falls, L2G 5Z3
FOR SALE
$1,280,000
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Commercial Retail
CATEGORY 2,000 Sq Ft
RETAIL AREA X13502100
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Property 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.
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Property Details
Address
5689 Main Street
Community
City
Postal Code
L2G 5Z3
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
GC, R1E
Lot Size
54' x 198'
Retail Area
2,000 Sq Ft
Taxes
$12,102 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Parking Spaces
12
Garage Type
None
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Listing contracted with Anjia Realty
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