122 Ridgeway Road, Fort Erie | Image 1

122 Ridgeway Road

Fort Erie

  • Commercial

$3,785,000
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: Commercial

  • Age: 31-50 years

  • Taxes: 17356

  • MLS®#: X11937454

  • Days on Site: 1 Days

  • Added: Jan 22, 2025 (2 weeks ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: RE/MAX REALTY SPECIALISTS INC.

A rare, lifetime opportunity to preserve the past or develop for the future. Approx. 2 acre corner lot minutes to the famous Crystal Beach and historic downtown Ridgeway. The existing motel, has 20 rooms including 2 kitchenettes, a separate manager's suite, laundry area, outdoor firepits and seating.If your dream is to develop, zoning is R-1M, which allows medium density, up to 4 story builds. The lot can accommodate 70 to 100 (stacked) townhouses, condos or apartments. Buyer is responsible for all city planning and development requirements. The prime land offers a perfect canvas to bring to life a vibrant residential development in the prime Crystal Beach community.

Extras

Absolutely a opportunity for all developers. The area is influenced by future developments.

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Investment

  • Property Type: Accommodation

  • Age: 31-50

  • Area: Fort Erie

  • Availability Date: TBD

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Double Detached

  • Covered Parking Spaces: 23

Fees

  • Tax Year: 2024

  • Taxes: $17,356

  • Taxes Type: Annual

Land

  • Cross Street: Ridgeway/Brewster Ro

  • Municipality District: Fort Erie

  • Sewer: Sanitary

  • Lot Depth: 233.6 Feet

  • Lot Frontage: 300.83 Feet

  • Zoning: Commercial

Commercial Specific

  • Retail Area: 4700

  • Retail Area Metric: Sq Ft

  • Total Area: 1.61

  • Total Area Metric: Acres

  • Area Influence: Rec Centre

  • Franchise: N

  • Lot Code: Lot

Map of 122 Ridgeway Road, Fort Erie
JK-8

John Brant Public School

Elementary: Public
0.83 km
JK-8

St Joseph Catholic Elementary School

Elementary: Catholic
10.18 km
JK-8

St Philomena Catholic Elementary School

Elementary: Catholic
8.02 km
JK-8

St George Catholic Elementary School

Elementary: Catholic
0.26 km
JK-8

Stevensville Public School

Elementary: Public
7.95 km
JK-8

Garrison Road Public School

Elementary: Public
9.03 km
9-12

Greater Fort Erie Secondary School

Secondary: Public
7.36 km
9-12

Fort Erie Secondary School

Secondary: Public
12.99 km
9-12

Eastdale Secondary School

Secondary: Public
18.62 km
9-12

Ridgeway-Crystal Beach High School

Secondary: Public
2.07 km
9-12

Port Colborne High School

Secondary: Public
16.41 km
Pre-Grade 9-12

Lakeshore Catholic High School

Secondary: Catholic
15.39 km
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 97 Gorham Road, Fort Erie | MLS: X8217316
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