Added 11 months ago
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Type: Investment
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Property Type: Commercial
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Business Type: Hotel/Motel/Inn
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Zoning: Tourist Commerci
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Age: 51-99 years
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Taxes: 42285.37
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MLS®#: X8060196
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Days on Site: 322 Days
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Added: Feb 09, 2024 (11 months ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: HARVEY KALLES REAL ESTATE LTD.
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.
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.
Property
Status: Sale
Type: Hotel/Motel/Inn
Property Type: Investment
Property Type: Accommodation
Age: 51-99
Area: Niagara Falls
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Baseboard
Elevator: None
Freestanding: Y
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Parking
Garage Type: None
Covered Parking Spaces: 23
Fees
Tax Year: 2023
Tax Legal Description: Pt Lot 1 Pl4 Stamford Pt 2, 59R5391, Niagara Falls
Taxes: $42,285
Taxes Type: Annual
Land
Cross Street: Stanley & Marine Lan
Municipality District: Niagara Falls
Parcel Number: 643760103
Sewer: San+Storm
Lot Depth: 207.8 Feet
Lot Frontage: 297.41 Feet
Lot Irregularities: Irregular -Two Parcel
Zoning: Tourist Commerci
Commercial Specific
Rail: N
Retail Area: 7475
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 9075
Total Area Metric: Sq Ft
Industrial Area Metric: Sq Ft
Office Size: 1600
Office Size Metric: Sq Ft
Area Influence: Public Transit
Franchise: N
Tangible Property Included: N
Crane: N
Lot Code: Lot
Survey: Y
Building Percent: 100
Soil Test: Y
Financial Statement: N
ÉÉC Notre-Dame-de-la-Jeunesse-Niagara.F
Elementary: CatholicHeximer Avenue Public School
Elementary: PublicFather Hennepin Catholic Elementary School
Elementary: CatholicJames Morden Public School
Elementary: PublicOur Lady of Mount Carmel Catholic Elementary School
Elementary: CatholicPrincess Margaret Public School
Elementary: PublicThorold Secondary School
Secondary: PublicWestlane Secondary School
Secondary: PublicStamford Collegiate
Secondary: PublicSaint Michael Catholic High School
Secondary: CatholicSaint Paul Catholic High School
Secondary: CatholicA N Myer Secondary School
Secondary: Public
- 0 bath
- 0 bed
5587-* Mcleod Road North, Niagara Falls, Ontario • L2G 3E4 • Niagara Falls
