2501 Pine Avenue

Niagara Falls, NY 14301

$299,900
Price
2
Beds
2
Baths
4,175 Sq. Ft.
$72 / Sq. Ft.
4,175
Sq. Ft.
$72
per Sq. Ft.

Description

Discover a prime investment opportunity with this mixed-use property. The ground floor boasts a spacious storefront, once a restaurant, featuring a comfortable dining area with air conditioning, men's and women's bathrooms, and a recently updated grease trap. The kitchen has seen recent upgrades, including a new cooler compressor installed just four months ago. Upstairs, two well-appointed apartments provide additional rental income potential. Parking is a standout feature, accommodating at least...Discover a prime investment opportunity with this mixed-use property. The ground floor boasts a spacious storefront, once a restaurant, featuring a comfortable dining area with air conditioning, men's and women's bathrooms, and a recently updated grease trap. The kitchen has seen recent upgrades, including a new cooler compressor installed just four months ago. Upstairs, two well-appointed apartments provide additional rental income potential. Parking is a standout feature, accommodating at least 8 cars with dual entrances for enhanced accessibility. Recent structural upgrades include a transition from a flat roof to durable lifetime shingles. Mechanical systems are well-maintained, with furnaces and hot water tanks updated 5 years ago, and plumbing modernized 8 years ago using a mix of copper and PVC. This property offers a unique blend of commercial and residential spaces, strategically positioned to capitalize on the thriving economic landscape of Niagara Falls, NY. Its versatility, recent upgrades, and ample parking make it an attractive investment for those seeking a property with promising potential in a bustling location.
  1. Listed by Jayson Parker • Keller Williams Realty WNY
    P: 716-832-3300 C: 716-266-5805 Jayson@HeritageTeam.com

Property Details for 2501 Pine Avenue

On Waterfront
No
Parking Description
Paved
Nearest Cross Street
25th st

Location

Listing Courtesy of Keller Williams Realty WNY
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LISTING UPDATED: 02/29/2024 01:49 PM

Property Details for 2501 Pine Avenue

StatusActive
MLS #B1518599
Days on Market93
Taxes$4,542 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential / Mixed Use
Year Built1930
Lot Size0.06 AC / 2,436 SF
CountyNiagara County

Location

Listing Courtesy of Keller Williams Realty WNY
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Building Information for 2501 Pine Avenue

Stories2Residences2Year Built1930Lot Size0.06 AC / 2,436 SF

Payment Calculator

$2,015 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,637

Property Taxes

$379

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2501 Pine Avenue

Summary
Location and General Information
  • Elementary School District: Niagara Falls
  • High School District: Niagara Falls
  • Middle Or Junior School District: Niagara Falls
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Niagara Falls-City-291100
  • Tax Annual Amount: $4,542.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 4175.0
  • Num Of Acres: 0.0559
  • Lot Size Area: 0.0559
  • Lot Size Square Feet: 2436.0
  • Lot Size Units: Acres
  • Parcel Number: 291100-159-026-0001-007-001
  • Road Frontage: Main Thoroughfare
  • Lot Number: 7
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $61,000
  • Year Built: 1930
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 3
  • Num Of Gas Meters: 3
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Roof Description: Asphalt
  • Type Of Building: Mixed
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 2
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Varies, Vinyl
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 4175.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Net Operating Income: -$4,542.00
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expense Includes: Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $450.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Eat-In Kitchen
  • Unit Type Total Rent: $450.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 450
Unit 2
  • Unit Type Actual Rent: $475.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Eat-In Kitchen
  • Unit Type Total Rent: $475.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 475
Rental
Rental Information
  • Rent Includes: Trash Collection, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 2501 Pine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2501 Pine Avenue

Taxable ValueLand$8,500Additions$52,500Total$61,000
Home Facts
Total Finished SqFt2,925 SqFtAbove Grade Finished SqFt2,925 SqFtUnfinished Basement SqFt1,250 SqFtStories2Lot Size2,436 SqFtStyleOffice BuildingYear Built1930ZoningC2-BCountyNIAGARAAPN291100 159.26-1-7.1

Schools near 2501 Pine Avenue

This home is within Niagara Falls City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Niagara Street School
PublicPK to 6

Gaskill Preparatory School
Public7 to 8

Niagara Falls High School
Public9 to 12

Hyde Park School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2501 Pine Avenue is a mixed use property for sale in Niagara Falls, NY 14301. This property was listed for sale on January 27, 2024 by Keller Williams Realty WNY, it's currently listed at $299,900. This listing's school district is Niagara Falls City School District. Nearby schools include Niagara Street School, Gaskill Preparatory School and Niagara Falls High School. 2501 Pine Avenue is a 2-bed, 2-bath, 4,175 sqft mixed use property built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty WNY

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.