Hotel/Motel/Inn Niagara Falls - Investment For Sale

$6,975,000

Description

Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with future 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. As is where is sale. Parcels can be purchased separately (Motel Parcel: $4,975,000 / Vacant Land Parcel: $2,000,000) conditional upon Muncipal Technical Severance Consent. Property being sold in an As is Where Is Condition. **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. www.justlistedcommercial.com//ON/niagara-falls/l2g3e3/12432784-MLS-X8060196-na-5544-Mcleod-Rd THINKING OF SELLING YOUR BUSINESS OR COMMERCIAL PROPERTY SEND US A MESSAGE WE WILL GET IT SEEN AND SOLD! - Not Intended to Solicit Clients Currently Under Contract - Listing Office : HARVEY KALLES REAL ESTATE LTD.

About Drummond - Victoria

The character of Drummond - Victoria is exemplified by its calm ambience. It is easy to access public green spaces from most locations within the neighbourhood since there are approximately 20 of them close by for residents to check out. This part of Niagara Falls is very quiet overall, as there isn't a lot of street noise or city clamour.

This information is provided by a third party data source. Kijiji is not responsible for the accuracy of this information.

Getting around

  • Walk score

    5

    Few day-to-day needs are within walking distance

  • Transit score

    5

    Transit is available for some trips

  • Bike score

    5

    Somewhat suitable for bicycle commuting and/or recreational cycling

This information is provided by a third party data source. Kijiji is not responsible for the accuracy of this information.

Listed By

R

Reid

Private Seller

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R

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$6,975,000

Hotel/Motel/Inn Niagara Falls - Investment For Sale






















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