7104 Lundys Lane, Niagara Falls | Image 1

7104 Lundys Lane

Niagara Falls, 216 - Dorchester

  • Commercial

$6,000,000
For Sale

Added 3 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: TC

  • Age: No Data

  • Taxes: 72639.1

  • MLS®#: X11543391

  • Days on Site: 10 Days

  • Added: Nov 29, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: REVEL Realty Inc., Brokerage

LOCATION, REPUTATION, LOCATION!!! This is one of the most reputable Motel and Dining establishment on Lundy's Lane in Niagara Falls. Only minutes away from one of the seven wonders of the world, casinos, shopping and the main entertainment strip. Niagara Falls is surrounded by the green belt and the conservation area is maintained by the Niagara parks commission. Millions of tourists visiting the area every year, enjoying the thunderous falls, the fireworks during holidays and the Christmas lights display in the winter. The property offered for sale has numerous revenue centers, giving the new owners many opportunities for a diverse income stream. The popular Breakfast/Lunch Restaurant, with about 150 seating capacity and high turnover per shift, has been serving the community for over 70 years. The 18 room, L-shaped, Motel building is stretched alongside the west boundary of the property, featuring en-suite bathrooms, A/C and 2 double beds. There are 21 individual cottages on the back of the property featuring en-suite bathrooms, 2 double beds and private parking, ideal for long-term rentals during conventions and local events. This property gives many opportunities to its new owners with many different revenue possibilities.

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Area: Niagara Falls

  • Community: 216 - Dorchester

  • Availability Date: Flexible

  • Assessment Amount: $2,224,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT TWP LTS 141 & 148 STAMFORD BEING PTS 1 & 2, 59R9719 & AS IN B

  • Taxes: $72,639

  • Taxes Type: Annual

Land

  • Cross Street: Southside of Lundys

  • Municipality District: Niagara Falls

  • Parcel Number: 644010281

  • Lot Depth: 541.08 Feet

  • Lot Frontage: 206.19 Feet

  • Zoning: TC

Commercial Specific

  • Number of Employees: 34

  • Retail Area: 4512

  • Retail Area Metric: Sq Ft

  • Total Area: 2.23

  • Total Area Metric: Acres

  • Hours Open: 7:30am-

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 150

  • Financial Statement: Y

  • LLBO: Y

Map of 7104 Lundys Lane, Niagara Falls
JK-8

Heximer Avenue Public School

Elementary: Public
1.72 km
JK-8

Greendale Public School

Elementary: Public
0.88 km
JK-8

James Morden Public School

Elementary: Public
1.89 km
JK-8

Our Lady of Mount Carmel Catholic Elementary School

Elementary: Catholic
1.09 km
JK-8

Princess Margaret Public School

Elementary: Public
0.89 km
JK-8

Cardinal Newman Catholic Elementary School

Elementary: Catholic
1.55 km
9-12

Thorold Secondary School

Secondary: Public
8.17 km
9-12

Westlane Secondary School

Secondary: Public
1.41 km
9-12

Stamford Collegiate

Secondary: Public
1.32 km
Pre-Grade 9-12

Saint Michael Catholic High School

Secondary: Catholic
3.10 km
Pre-Grade 9-12

Saint Paul Catholic High School

Secondary: Catholic
3.17 km
9-12

A N Myer Secondary School

Secondary: Public
3.84 km
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