5689 Main Street, Niagara Falls
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. (id:1945)
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Property details for 5689 Main Street, Niagara Falls
- Type
- Commercial
- Living Area
- 3,200 square feet
- Lot Size
- Bldg=54.13 x 198.49 FT ; 48.12 ft x 198.74 ft x 54.13 x 198.49
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Annual Taxes
- $12,102
Nearby Listings Stat
Estimated price and comparable properties near 5689 Main Street
Active Listings
287
Min Price
$1
Max Price
$11,555,701
Avg Price
$746,644
Days on Market
73
days
Sold Listings
84
Min Sold Price
$1
Max Sold Price
$2,149,888
Avg Sold Price
$658,940
Days until Sold
83
days
Price History
Listed
June 29, 2026
by ANJIA REALTY
Current Price
$1,180,000
-7.8% from last change
Type
Commercial
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $1,180,000 | $100,000 (-7.8%) |
| Sep 30, 2026 | $1,280,000 | +$20,000 (+1.6%) |
| Jun 29, 2026 | $1,260,000 | Listed |
Contact Agent Get in touch about 5689 Main Street, Niagara Falls
MING CHENG
ANJIA REALTY
