Investment - Great Opportunity!

$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/220---oldfield/l2g3e3/13733036-MLS-X8060196-na-5544-Mcleod-Road 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

Drummond - Victoria is a very good neighbourhood to buy a house in for those who prefer a relaxed ambience. This area is very quiet overall, as there isn't a lot of street noise or city clamour. Lastly, a large number of locations in the neighbourhood have reasonably good access to public green spaces, such as Victoria Park and Millennium Recreational Trail Lands - John McAll MacBain Pathway, since there are around 20 of them nearby for residents to enjoy.

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

Getting around

  • Walk score

    6

    Some day-to-day needs are within walking distance

  • Transit score

    5

    Transit is available for most trips

  • Bike score

    4

    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

View all listings (5565)

R

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$6,975,000

Investment - Great Opportunity!






















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