$7,900,000 FOR SALE

Business for Sale

Total Area: 9,075 ft2

5544 Mcleod Rd
Niagara Falls, ON L2G 3E3

Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with mid-to-high density residential development potential. Located in the Tourist Core of Niagara Falls at the corner of Stanley Ave & McLeod Rd, between Marineland and the hotel-entertainment core, the existing non-operating 2 storey motel, in need of rejuvenation, contains 23 motel units and has a 3-bedroom office/residence. In-place zoning permits a range of Tourist Commercial Uses. A mixed-use development concept by Zeidler Partnership Architects for 245 res units/22 floors with podium retail commercial has been presented to the City. The site provides a unique opportunity to pursue a mid-rise or high-rise rezoning for greater heights or to restore/expand the existing model. **** EXTRAS **** 1.5+/- acres site consists of 2 land parcels.Survey, Geotech, Phase 1, 2 & Record of Site Condition reports are avail.HST is in addition to list price & sole responsibility & expense of the Buyer.Property Tax amt subject to confirmation. (id:47423)

Share

Listed By HARVEY KALLES REAL ESTATE LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8060196
Last Updated Apr 03, 2024
Property Summary
Property Type Business For Sale

More like this:
Franchise Non-Franchise
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Total Area 9,075 ft2
Amenities Nearby Public Transit
Listing Contract Date 2024-02-09
# of Parking Spaces 23
Property Type Business
Transaction Type For sale
Building
Heating Type Baseboard heaters
Utility Water Municipal water
Land
Total Size 297.41 x 207.8 FT ; Irregular -Two Parcels
Amenities Public Transit
Size of Irregular Land 297.41 x 207.8 FT ; Irregular -Two Parcels

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.