$12,000,000 FOR SALE

Commercial/Retail

Lot: 127.87 x 281.9 ftTotal Area: 10,000 ft2
2024 Taxes: $40,680

4625 Cataract Ave
Niagara Falls, ON L2E 3M3 | Niagara

Rare opportunity to develop a versatile property in one of the worlds most renowned destinations, just steps from the breathtaking Niagara Falls. Located on **0.93 acres** of prime land (40,762 square feet), this property offers stunning river views and proximity to key regional landmarks, making it an ideal location for various commercial ventures. **Existing Infrastructure**: 33 operational hotel rooms and an attached 4-bedroom house, with functional plumbing, electrical, and baseboard heating systems. **Potential for Expansion**: Build a hotel with 33-37 rooms in this high-traffic tourist area. Includes an inground pool and full laundry facility. Unmatched Location: Just a 30-second walk to the GO station and Whirlpool Bridge, ensuring prime access for tourists and visitors. **Permitted Uses for the Property Include**: Art Gallery, Assembly Hall, Auctioneering Establishment, Bake Shop, Bank, Trust Company, Credit Union, Currency Exchange, Car Rental Establishment, Truck Rental Establishment, Clinic, Dancing Studio, Day Nursery, Drive-In Restaurant, Dry Cleaning Establishment, Farmers' Market, Funeral Home, Health Centre, Hotel, Laundry, Library, Motel, Museum, Office, Parking Lot, Personal Service Shop, Photographer's Studio, Place Of Entertainment, Place Of Worship, Printing Shop, Public Garage, Mechanical, Private Club, Recreational Uses, Restaurant, Retail Store, Service Shop, Tavern, Animal Clinic. With its **flexible zoning** and a location that attracts millions of visitors each year, this property is a prime candidate for a wide range of development opportunities. Whether you're looking to expand the current hotel, develop retail spaces, or introduce new commercial ventures, this property offers an unparalleled chance to capitalize on Niagara Falls thriving tourism industry. DO NOT WALK THE PROPERTY WITHOUT CONTACTING THE LISTING AGENT. HOUSE BEHND HOTEL INCLUDED.

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Listed By RE/MAX NIAGARA REALTY LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9368111
Last Updated Sep 25, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Multi-Use
PIN 644450034
Occupancy Tenant
Possession Date Flexible
Taxes (2024) $40,680
Tax Type Annual
Directions/Cross Streets RIVER RD - PARK - CATARACT
Area Niagara
Price History
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Detailed Information
Freestanding Y
Lot 127.87 x 281.9 ft
Retail Area 10,000 ft2
Total Area 10,000 ft2
Elevator None
Air Conditioning N
Basement N
Chattels N
Garage Type None
Days Open V
Heat Type Radiant
Financial Statement N
Sprinklers N
Utilities A
Water Municipal
Lot/Bldg/Unit Code Building
Zoning CB
Seller Property Info Statement N

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