Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Business Type: Other
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Zoning: CC2
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Age: 31-50 years
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Taxes: 20055
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MLS®#: X10423317
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Days on Site: 22 Days
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Added: Nov 13, 2024 (1 month ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
"Prime Investment Opportunity: Sturdy Building with Thriving Businesses and Room for Expansion" Discover a solid investment in this robust building strategically located in a high-traffic area. Originally two lots, it currently hosts two bustling commercial units and three fully occupied residential spaces, offering not just returns but also the potential for growth. At the heart of the commercial scene is the Kavern Bar and Kitchen, a reliable tenant boasting a full kitchen, seating for over 100 patrons, and two basement event centers. It's more than a bar; it's a community focal point that ensures not just income but a touch of local character. Built to endure, this property is ready for action. Fully occupied residential units provide a steady income, while the success of Kavern Bar & Kitchen promises immediate returns for those seeking a solid investment. Ample parking adds convenience for everyone coming through the door. What sets this place apart is its potential for future development. Originally two lots, there's room to expand, renovate, or kickstart new projects. This isn't about ruggedness; it's about offering a canvas for your vision and plans. Adding a touch of practicality, a digital board becomes your versatile billboard, promoting businesses in a straightforward, effective way. It's not about being gritty; it's about visibility and attracting attention from the neighborhood in a way that resonates. This investment isn't about extravagance; it's about reliability. Whether you're after immediate returns or planning for future growth, this building provides a stable foundation for both. Don't miss out on this opportunity.
Property
Status: Sale
Type: Other
Property Type: Investment
Property Type: Office
Age: 31-50
Area: Welland
Community: 772 - Broadway
Availability Date: Flexible
Assessment Amount: $457,000
Assessment Year: 2024
Inside
Bathrooms: 6
Air Conditioning: Y
Washrooms: 6
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Elevator: None
UFFI: No
Energy Certificate: N
Green Verification Status: N
Water Supply Type: Shared Well
Freestanding: Y
Outside Storage: Y
Water Supply: Municipal
Physically Handicapped-Equipped: N
Amps: 400
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: PT LTS 37 & 38 PL 556 AS IN RO196585; S/T & T/W RO196585
Taxes: $20,055
Taxes Type: Annual
Land
Cross Street: MAPLE AVE & PRINCE C
Municipality District: Welland
Parcel Number: 641020250
Lot Depth: 186 Feet
Lot Frontage: 149 Feet
Zoning: CC2
Commercial Specific
Sprinklers: N
Total Area: 4500
Total Area Metric: Sq Ft
Office Size: 4500
Office Size Metric: Sq Ft
Area Influence: Public Transit
Days Open: 7
Franchise: N
Tangible Property Included: Y
Lot Code: Lot
Financial Statement: N
St Mary Catholic Elementary School
Elementary: CatholicRoss Public School
Elementary: PublicFitch Street Public School
Elementary: PublicPlymouth Public School
Elementary: PublicÉÉC du Sacré-Coeur-Welland
Elementary: CatholicHoly Name Catholic Elementary School
Elementary: CatholicÉcole secondaire Confédération
Secondary: PublicEastdale Secondary School
Secondary: PublicÉSC Jean-Vanier
Secondary: CatholicCentennial Secondary School
Secondary: PublicE L Crossley Secondary School
Secondary: PublicNotre Dame College School
Secondary: Catholic
