$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:47421)
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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

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Price History

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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

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