Address
5234 Ferry St, Niagara Falls, ON
Price
$ 30,000,000
Property Attributes
  • MLS#X8342806
  • TypeCommercial
  • CityNiagara Falls
  • NeighbourhoodNiagara Falls
  • Postal CodeL2G 1R5
  • StyleHospitality/Food Related
  • Taxes$ 156046
  • Price$ 30,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

Intercity Realty Inc. is thrilled to present an outstanding property with immense potential for high-density residential development, strategically located in the bustling Tourist Core of Niagara Falls, at the intersection of Ferry Street and Clark Ave. This remarkable property comprises a 4-storey 80-room hotel & a 2-storey 40-room motel, the renowned Hooters restaurant and various other rental income opportunities. Currently, a mixed-use development proposal featuring two 30-storey towers with a 4-storey commercial/parking podium has been submitted to the City. Spanning over 2 acres across 4 land parcels, this property offers substantial room for future expansion and enhancement. Reach out to Intercity Realty Inc. today to seize this exceptional opportunity in the heart of Niagara Fall's vibrant tourism district.

Price History
5/15/2024 Listed $30,000,000

General Features

Utilities A
Water Municipal
Zoning Tourist Commercial
Sprinklers Yes
Extras Environmental and study reports available upon request,Property measurements and tax details are pending confirmation. B/B's agent to conduct due diligence,verify all measurements & info.
Heater Type None
Elevator Public
Area Niagara
Tax Year 2023
Lot Depth 0.00
Basement No
Freehold Yes
Status A
Use Hospitality/Food Related
Taxes 156046.00
Legal Description See Broker Remarks
Category Retail
Property Sub Type Commercial/Retail
Lot Front 1.15
Type .Q.

Interior Features

A/C Yes

Exterior Features

Garage Type Outside/Surface
Rail No
Sewers San+Storm Avail

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in L2G 1R5

Price
AVG $30M
$30M
Taxes
AVG $156,046
$156,046
Visits
AVG 142
142
Data Provided by Inside Real Estate®