$12,000,000
( $1200.00Per Sq Foot )
 $64,419 est/mo Sourced by Back At You

4625 Cataract Avenue , Niagara Falls, ON L2E 3M3

Niagara Falls, ON L2E 3M3

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Description

Rare opportunity to develop a versatile property in one of the world’s most renowned destinations, just steps from the breathtaking Niagara Falls. Located on **0.93 acres** of prime land (40,762 square feet), this property offers stunning river views and proximity to key regional landmarks, making it an ideal location for various commercial ventures. **Existing Infrastructure**: 33 operational hotel rooms and an attached 4-bedroom house, with functional plumbing, electrical, and baseboard heating systems. **Potential for Expansion**: Build a hotel with 33-37 rooms in this high-traffic tourist area. Includes an inground pool and full laundry facility. Unmatched Location: Just a 30-second walk to the GO station and Whirlpool Bridge, ensuring prime access for tourists and visitors. **Permitted Uses for the Property Include**: Art Gallery, Assembly Hall, Auctioneering Establishment, Bake Shop, Bank, Trust Company, Credit Union, Currency Exchange, Car Rental Establishment, Truck Rental Establishment, Clinic, Dancing Studio, Day Nursery, Drive-In Restaurant, Dry Cleaning Establishment, Farmers' Market, Funeral Home, Health Centre, Hotel, Laundry, Library, Motel, Museum, Office, Parking Lot, Personal Service Shop, Photographer's Studio, Place Of Entertainment, Place Of Worship, Printing Shop, Public Garage, Mechanical, Private Club, Recreational Uses, Restaurant, Retail Store, Service Shop, Tavern, Animal Clinic. With its **flexible zoning** and a location that attracts millions of visitors each year, this property is a prime candidate for a wide range of development opportunities. Whether you're looking to expand the current hotel, develop retail spaces, or introduce new commercial ventures, this property offers an unparalleled chance to capitalize on Niagara Falls’ thriving tourism industry. For more information or to schedule a viewing, contact us today! DO NOT WALK THE PROPERTY WITHOUT CONTACTING THE LISTING AGENT. HOUSE BEHND HOTEL INCLUDED.

Details

MLS#40649232
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site55
Listing Provided ByRE/MAX NIAGARA REALTY LTD, BROKERAGE | Greg Sykes

Features

SQ Feet10,000
Story(s)2
ZoningCB
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 4 seconds ago
ProvinceON
CountyNiagara
CityNiagara Falls
Postal CodeL2E 3M3
AreaNiagara Falls
Subarea210 Downtown
Community Name210 Downtown
Listing VS Median (in 210 Downtown)
Price:
$12,000,000
low | high
Med:
$479,000
100% of Average
SqFt:
10,000
low | high
Med:
888
100% of Average
$ / SqFt:
$1,200
low | high
Med:
$539
100% of Average
On Site:
55
low | high
Med:
28.000000
100% of Average
Sourced by Back At You
Listing Updated: September 19, 2024 at 11:46:38 PM PDT