12 East Main Street, Welland | Image 1

12 East Main Street

Welland

  • Commercial

$699,990
For Sale

Added 6 days ago

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  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: DMC

  • Age: No Data

  • Taxes: 6109.61

  • MLS®#: X9348576

  • Days on Site: 1 Days

  • Added: Sep 12, 2024 (6 days ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: REVEL REALTY INC.

POSITIVE CASH FLOW OPPORTUNITY with this prime commercial property in the heart of Welland's downtown core. This property has a high-visibility storefront and self-contained residential apartments and promises a robust income stream with an impressive 6%+ cap rate. Conveniently located near Niagara College's Welland campus, public transit, and the scenic boardwalk, it also offers stunning views of the Welland Bridge and Canal. With its high demand area and solid return potential, a total of 3600 sqft with 2 residential units (900sqft each) and 1 large Commercial Storefront unit with 3 offices approximately 1800sqft. This property is a must-see for savvy investors.

Property

  • Status: Sale

  • Property Type: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Area: Welland

  • Availability Date: Flexible

  • Assessment Amount: $176,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Other

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT AH1 PL 564 AS IN RO731360, T/W & S/T RO731360 CITY OF WELL

  • Taxes: $6,110

  • Taxes Type: Annual

Land

  • Cross Street: KING ST/EAST MAIN ST

  • Municipality District: Welland

  • Parcel Number: 641050083

  • Lot Depth: 83.6 Feet

  • Lot Frontage: 27.1 Feet

  • Zoning: DMC

Commercial Specific

  • Retail Area: 1800

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 3600

  • Total Area Metric: Sq Ft

  • Office Size: 1800

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

Map of 12 East Main Street, Welland
JK-8

Glendale Public School

Elementary: Public
1.81 km
JK-8

St Mary Catholic Elementary School

Elementary: Catholic
1.33 km
JK-8

Ross Public School

Elementary: Public
0.97 km
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Fitch Street Public School

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1.05 km
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Plymouth Public School

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1.11 km
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St Kevin Catholic Elementary School

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1.09 km
9-12

École secondaire Confédération

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Eastdale Secondary School

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ÉSC Jean-Vanier

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Centennial Secondary School

Secondary: Public
1.97 km
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E L Crossley Secondary School

Secondary: Public
7.80 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
0.97 km
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