POSITIVE CASH FLOW OPPORTUNITY with this prime commercial property in the heart of Welland's downtown core. This property has a high-visibility storefront and self-contained residential apartments and promises a robust income stream with an impressive 6%+ cap rate. Conveniently located near Niagara College's Welland campus, public transit, and the scenic boardwalk, it also offers stunning views of the Welland Bridge and Canal. With its high demand area and solid return potential, a total of 3600 sqft with 2 residential units (900sqft each) and 1 large Commercial Storefront unit with 3 offices approximately 1800sqft. This property is a must-see for savvy investors. Act quickly to secure this lucrative opportunity before it’s gone! (id:47423)
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Detailed Information
Lot
27 x 84 ft
Community Features
High Traffic Area
Equipment
Water Heater
Features
Visual exposure
Listing Contract Date
2024-09-12
Location Description
KING ST/EAST MAIN ST/CROSS ST
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Other
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
DMC
Building
Basement Type
Partial
Exterior Finish
Brick, Stucco
Stories Total
2
Size (Exterior)
3600
Utility Water
Municipal water
Land
Total Size
1/2 - 1.99 acres
Sewer
Municipal sewage system
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