555 Water Street, Porter, NY

About 555 Water Street

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.

Listing Map