1028 Garrison Road, Fort Erie (Crescent Park) - Business for Sale
1028 Garrison Road, Fort Erie (Crescent Park), Ontario, L2A1N9
This business in Fort Erie is for sale offering roughly 1,000 sq ft of space. It has been on the market 29 days, fresher than the Fort Erie average of 86 days.
Description
Excellent investment and redevelopment opportunity at 1028 Garrison Road, Fort Erie, situated in a highly visible location along busy Garrison Road/Highway #3. This substantial 200' x 200' property offers outstanding commercial exposure and excellent potential for investors, developers, or business owners looking to establish themselves along one of Fort Erie's major commercial corridors. The property is currently improved with a 3-bedroom detached home and detached garage, providing the opportunity for immediate use or potential rental income while future development plans are explored. With its generous lot size, high-traffic location, and strong redevelopment potential, this property presents a unique opportunity for a variety of future commercial possibilities. Conceptual development drawings are available and showcase just some of the potential this property may offer. This property has frontage on both Garrison Road as well as Spears Road. (id:66096)
Property Details
- MLS®
- X13867154
- Property Type
- Business
- Zoning
- CMU-3
- Interior Size
- 1,000 ft²
- Lot Size
- 200 × 200 ft (40,000 sq ft)
- Frontage
- 200 ft
- Heating
- Forced air, Natural gas
- Cooling
- None
- Property Tax
- $3,292/yr
- Listed
- 29 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 29 days on market, against an average age of 86 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Fort Erie (Crescent Park) has been listed for 29 days, which is 57 days fresher than the city average of 86. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L2A)
This home lists at $750,000, about 10.3× the local median household income of $72,500.
Carrying it typically needs a household income of about $146,501 (20% down, 25-yr amortization, stress-tested) — roughly 102% above the area median.
- Median household income
- $72,500
- Population
- 17,293
- Median age
- 49.2
- Owner / renter
- 74% / 26%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L2A)
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$750,000
Fort Erie