Commercial
Located in Niagara Falls, N/A
Price: 6975000.00 CAD
Contract Status: active
Property 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.
Property Highlights
- Approximate Age: 51-99
- Architectural Style: N/A
- Construction Materials: N/A
- Bedrooms: N/A
- Heat Source: N/A
- Heat Type: N/A
- Bathrooms: N/A
- Lot Size: Irregular -Two Parcels
- Parking Spaces: 23 (N/A )
Additional Details
- Cross Street: Stanley & Marine Land Parkway
- County/Parish: Niagara
- Zoning: Tourist Commercial