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Price On Request
Status: For Sale
Rare opportunity. Ideal for both investors or end users. 3.649 acres of land. Many uses permitted, allowing exceptional redevelopment potential (new Porsche dealership to be built on directly adjacent property). Currently improved with a free-standing building of 25,366 sqft, entirely leased (triple net) to The Beer Store until 2033, with escalations. Lease includes provisions for Landlord right to terminate early or reduce Beer Store leasable area while maintaining same total rent. Additional pads can also be built to increase rental income. QEW visibility/exposure and immediate eastbound hwy access via Dieppe Rd. *** assumable mortgage of approx. $2,800,000 @ 2.53% until September, 2025***
Property Type | :Commercial Sale |
MLS Number | :40598404 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :31 May, 2024 (110 Days ago) |
Source | :Niagara |
Area | :Niagara |
City | :St. Catharines |
Area Major | :St. Catharines |
Area Minor | :447 - Cushman/Industrial |
Postal Code | : L2M 7N6 |
Directions | :Northeast corner of Dieppe Road and Grantham Avenue |
Price | : Price On Request |
Property Taxes | :$47777.88 |
Tax Year | :2023 |
Bedrooms | :0 + |
Place of Worship | :No |
Cross Street | :Welland Ave & Grantham Ave |
Approx Square Footage | :25366 sqft |
31 May, 2024
TREB #40598404
Listed
Price On Request