Investor Opportunity – 42-Unit Redevelopment in Prime Downtown Niagara Falls

628 9th St Niagara Falls, NY 14301

628 9th St, Niagara Falls, NY, 14301
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$999,999
Last Verified:
Sep 04, 2026

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Highlights

  • 25,890 SF building
  • Built in 1951
  • Zoned Commercial
  • Strategic location in Niagara Falls area

Description

Exceptional opportunity to acquire a 42-unit multifamily asset located in the heart of downtown Niagara Falls. Situated directly across from a major hospital, one block from the courthouse, and minutes from Niagara Falls State Park, this property offers unparalleled proximity to major employers, infrastructure, and one of the world’s top tourist destinations. This partially completed redevelopment project is primed for a new investor to step in and capitalize. All preliminary work has been professionally completed, including: environmental study, interior demolition & cleanup, rough plumbing. This project offers flexibility for a range of investment strategies—long-term rentals, short-term furnished units, or mixed-use potential. Ideal for 1031 exchange or portfolio expansion Unlock substantial value-add potential in one of Western New York’s fastest-growing markets. All the groundwork is done—bring your vision and complete the project. Offered As-Is. Serious Inquiries Only.

Discover an exceptional investment opportunity in downtown Niagara Falls! The area surrounding the property boasts a rich tapestry of attractions, including the iconic Niagara Falls State Park, just a short distance away. This world-renowned natural wonder draws millions of visitors annually, offering your future residents a captivating backdrop for leisure and exploration. Invest in a burgeoning tourist destination, with an array of charming local eateries, captivating museums, and exciting entertainment options in the vicinity. With its proximity to the falls and a vibrant downtown scene, this location presents a compelling opportunity for savvy multifamily/mid-rise investors seeking to capitalize on the allure of one of the world's most celebrated landmarks.


Year Built: 1951
Building Size: 25890sq ft
Building Class: C
Lot Size: 0.5 acres


Documents

Sale Brochure

Map of 628 9th St, Niagara Falls, NY, 14301

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.