555 Water ST, Youngstown, NY 14174
555 Water ST, Youngstown, NY 14174
555 Water ST, Youngstown, NY 14174
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KW Upstate New York Properties

KW Upstate New York Properties

+1(607) 431-2540
$1,350,000
Est. payment /mo
14,776 SqFt
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Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 14,776 sqft

Price per Sqft $91

Subdivision Mile Reserve

MLS Listing ID B1670592

Construction Status Existing

HOA Y/N No

Year Built 1950

Annual Tax Amount $17,305

Lot Size 0.516 Acres

Acres 0.5165

Lot Dimensions 300X75

Property Description

Rare waterfront investment opportunity in the heart of Youngstown, New York! Ideally situated at the mouth of the majestic Lower Niagara River where it meets Lake Ontario, this exceptional mixed-use property offers multiple income streams in one truly breathtaking location. The offering includes 2 commercial storefronts, 2 spacious updated apartments, and 12 fully leased boat slips pre-leased for the coming year creating immediate and reliable cash flow. The boat slips generate $25,000 annually while the storefronts produce $24,000 per year with the apartments providing additional rental income.
The residential component features one updated 3-bedroom apartment and one spacious 2-bedroom apartment making this a versatile and lucrative investment. Beyond the existing income, the property also includes an impressive marina operation with room for up to 12 more boat slips and approved for 60 mooring balls for sailboats and gasoline dispensing facilities. There is a public boat launch directly next door. Located adjacent to the Youngstown Yacht Club and directly across from beautiful Niagara-on-the-Lake, and a short walk to Fort Niagara State Park this one-of-a-kind property offers stunning views of the Canadian shoreline in the charming waterfront Village of Youngstown.

Location

State NY

County Niagara

Community Mile Reserve

Area Youngstown-Village-293401

Zoning MRNA FAC

Direction Niagara Scenic Parkway to Locport Street. Go down the hill at the red light to the waterfront.

Body of Water Niagara River

Interior

Heating Gas, Separate Meters, Forced Air

Cooling Separate Meters, Central Air

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Waterfront Description Deeded Access,Dock Access,River Access,Stream

Roof Type Asphalt,Flat,Metal

Total Parking Spaces 10

Building

Lot Description Irregular Lot

Building Description Block,Frame,Metal Siding, Office,Public Restrooms

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Boat House

Structure Type Block,Frame,Metal Siding

Construction Status Existing

Schools

High Schools Lewiston-Porter Senior High

School District Lewiston-Porter

Others

Tax ID 293401-059-006-0001-033-000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Listed by Great Lakes Real Estate Inc. 716-754-2550

NEARBY SCHOOL & BUSINESS

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KW Upstate New York Properties

KW Upstate New York Properties

+1(607) 431-2540

Broker | License ID: 10991215115

Broker License ID: 10991215115

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