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$12,000,000
Status: For Sale
Rare opportunity to develop a versatile property in one of the worlds most renowned destinations, just steps from the breathtaking Niagara Falls. Located on **0.93 acres** of prime land (40,762 square feet), this property offers stunning river views and proximity to key regional landmarks, making it an ideal location for various commercial ventures. **Existing Infrastructure**: 33 operational hotel rooms and an attached 4-bedroom house, with functional plumbing, electrical, and baseboard heating systems. **Potential for Expansion**: Build a hotel with 33-37 rooms in this high-traffic tourist area. Includes an inground pool and full laundry facility. Unmatched Location: Just a 30-second walk to the GO station and Whirlpool Bridge, ensuring prime access for tourists and visitors. **Permitted Uses for the Property Include**: Art Gallery, Assembly Hall, Auctioneering Establishment, Bake Shop, Bank, Trust Company, Credit Union, Currency Exchange, Car Rental Establishment, Truck Rental Establishment, Clinic, Dancing Studio, Day Nursery, Drive-In Restaurant, Dry Cleaning Establishment, Farmers' Market, Funeral Home, Health Centre, Hotel, Laundry, Library, Motel, Museum, Office, Parking Lot, Personal Service Shop, Photographer's Studio, Place Of Entertainment, Place Of Worship, Printing Shop, Public Garage, Mechanical, Private Club, Recreational Uses, Restaurant, Retail Store, Service Shop, Tavern, Animal Clinic. With its **flexible zoning** and a location that attracts millions of visitors each year, this property is a prime candidate for a wide range of development opportunities. Whether you're looking to expand the current hotel, develop retail spaces, or introduce new commercial ventures, this property offers an unparalleled chance to capitalize on Niagara Falls thriving tourism industry. DO NOT WALK THE PROPERTY WITHOUT CONTACTING THE LISTING AGENT. HOUSE BEHND HOTEL INCLUDED.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9368111 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :25 Sep, 2024 (40 Days ago) |
| Source | :TRREB |
| Area | :Niagara |
|---|---|
| Postal Code | :
L2E 3M3
|
| Price | : $12,000,000 |
|---|---|
| Property Taxes | :$40680.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :RIVER RD - PARK - CATARACT |
|---|
| Virtual Tour | :Virtual Tour (External Link) |
|---|
25 Sep, 2024
TREB #X9368111
Available
$12000000.0
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