Rare Downtown Niagara Falls Investment & Development Opportunity! Approximately 1.2 acres with 3 buildings (4816 Bridge, 4830 Bridge, and 4840 Bridge), ample parking, and two road entrances on a corner lot. Main building features approx. 7,000 sq. ft. restaurant/souvenir retail space plus 19 recently renovated hotel rooms, each with a private bathroom, one shared kitchen, laundry and living area. Basement includes a club space currently not operating. Second building offers a commercial unit plus multiple residential units. Third building is a fully renovated house with a tenant. Excellent location within walking distance to the GO Train station, bus terminal and new Niagara university. Potential for student-oriented accommodations, or Senior home, and future expansion/redevelopment, subject to zoning and municipal approvals. Excellent opportunity for investors, developers and owner-operators. Buyer to verify zoning, permitted uses and development potential. (id:13843)
| MLS # | X13837450 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 37 |
| Listing Provided By | Wisdomax Realty LTD | Annie Liu |
| SQ Feet | 14,000 |
|---|---|
| Zoning | GC |
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 43816.46 |
|---|
| Province | ON |
|---|---|
| City | Niagara Falls (Cherrywood) |
| Postal Code | L2E2R9 |
| Listing VS Median (in L2E2R9) | |
Price: $5,800,000 low | high Med: $2,900,600 sqft: 14,000 low | high Med: 7,100 $ / sqft: $414 low | high Med: $210 On site: 37 low | high Med: 37.5 | |
| Province | ON |
|---|---|
| City | Niagara Falls (Cherrywood) |
| Postal Code | L2E2R9 |
| Listing VS Median (in L2E2R9) | |
Price: $5,800,000 low | high Med: $2,900,600 sqft: 14,000 low | high Med: 7,100 $ / sqft: $414 low | high Med: $210 On site: 37 low | high Med: 37.5 | |