4816 BRIDGE Street, Niagara Falls (Cherrywood) - Business for Sale
4816 BRIDGE Street, Niagara Falls (Cherrywood), Ontario, L2E2R9
This business in Niagara Falls is for sale offering roughly 14,000 sq ft of space. It has been on the market 36 days, fresher than the Niagara Falls average of 76 days.
Description
Rare Downtown Niagara Falls Investment & Development Opportunity! Approximately 1.2 acres with 3 buildings (4816 Bridge, 4830 Bridge, and 4840 Bridge), ample parking, and two road entrances on a corner lot. Main building features approx. 7,000 sq. ft. restaurant/souvenir retail space plus 19 recently renovated hotel rooms, each with a private bathroom, one shared kitchen, laundry and living area. Basement includes a club space currently not operating. Second building offers a commercial unit plus multiple residential units. Third building is a fully renovated house with a tenant. Excellent location within walking distance to the GO Train station, bus terminal and new Niagara university. Potential for student-oriented accommodations, or Senior home, and future expansion/redevelopment, subject to zoning and municipal approvals. Excellent opportunity for investors, developers and owner-operators. Buyer to verify zoning, permitted uses and development potential. (id:66096)
Property Details
- MLS®
- X13837450
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- GC
- Interior Size
- 14,000 ft²
- Frontage
- 168 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $43,816.46/yr
- Listed
- 36 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 36 days on market, against an average age of 76 days across the listings currently for sale in this city
This business in Niagara Falls (Cherrywood) has been listed for 36 days, which is 40 days fresher than the city average of 76. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L2E)
This home lists at $5,800,000, about 95.4× the local median household income of $60,800.
Carrying it typically needs a household income of about $1,132,943 (20% down, 25-yr amortization, stress-tested) — roughly 1763% above the area median.
- Median household income
- $60,800
- Population
- 18,587
- Median age
- 46.4
- Owner / renter
- 61% / 39%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA L2E)
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$5,800,000
Niagara Falls