haho.ca
$399,000
For sale

5043 Centre Street, Niagara Falls (Clifton Hill) - Business for Sale

5043 Centre Street, Niagara Falls (Clifton Hill), Ontario, L2G3N8

4 parking10,000 ft²Listed 71 days ago
Overview

This business in Niagara Falls is for sale offering roughly 10,000 sq ft of space. It has been on the market 71 days, fresher than the Niagara Falls average of 84 days.

Description

An extraordinary opportunity to establish a flagship restaurant, entertainment venue, or hospitality concept in the heart of Niagara Falls. 5043 Centre Street is a rare freestanding, purpose-built hospitality property ideally positioned at Centre Street and Victoria Avenue, just steps from Clifton Hill and within walking distance of Niagara Falls. Spanning 10,000+ sq. ft. across three levels with an impressive licensed capacity of 616, this fully equipped facility is built for high-volume food, beverage and entertainment operations. The property features two large commercial exhaust hoods, full-service kitchens, walk-in fridge and freezer, extensive prep areas, multiple bars, roll-up garage doors and significant back-of-house infrastructure. The true showstopper is the rooftop patio with direct views of Niagara Falls - an incredibly rare and compelling feature that creates the opportunity for a truly iconic destination concept. On-site parking is included, with a 24-hour public parking lot immediately adjacent to the property, providing exceptional convenience for guests. With its scale, infrastructure, location and unparalleled rooftop setting, this is an opportunity for an ambitious operator or established brand to secure a signature flagship location in one of Canada's busiest year-round tourism destinations. Gross Rent: $30,000/month inclusive of TMI + HST. 5-year term + 5-year renewal option. Please do not go direct. (id:66096)

Property Details

MLS®
X13709584
Property Type
Business
Business Type
Restaurant
Zoning
Tourist Commercial
Parking
4
Interior Size
10,000 ft²
Lot Size
51 × 128 ft (6,476 sq ft)
Frontage
51 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Listed
71 days ago

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
71d
Niagara Falls (Clifton Hill) listings, avg age
84d
Price / ft²
$40
List price
$399K

Long Listed: 71 days on market, against an average age of 84 days across the listings currently for sale in this city

Haho

This business in Niagara Falls (Clifton Hill) has been listed for 71 days, which is 13 days fresher than the city average of 84. Act while there is still low competition.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · JASON KLEYN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2G)

This home lists at $399,000, about 5.8× the local median household income of $69,000.

Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.

Median household income
$69,000
Population
30,344
Median age
44.8
Owner / renter
63% / 37%
Avg. household size
2.4

Source: Statistics Canada, 2021 Census (FSA L2G)

$399,000· $40/ft²
For sale

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$399,000

Niagara Falls

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