#6 3701 Portage Road, Niagara Falls (Stamford) - Business for Sale
#6 3701 Portage Road, Niagara Falls (Stamford), Ontario, L2J2K8
This business in Niagara Falls is for sale. It has been on the market 56 days, fresher than the Niagara Falls average of 94 days.
Description
Excellent opportunity to acquire a fully equipped restaurant setup - chattels and fixtures sale only in a high-traffic Niagara Falls location. Approx. 673 sq. ft. featuring an impressive approx. 10-ft commercial exhaust hood, commercial kitchen equipment, fixtures and improvements. Strategically located in the Five Corners area, directly across from Sobeys, with Shoppers Drug Mart in the plaza, The Beer Store nearby and minutes from A.N. Myer Secondary School. Current total occupancy cost is less than $2,000/month including Base Rent, TMI and HST. Newly extended 5-year lease to June 14, 2031, plus an additional 5-year renewal option. Excellent turnkey opportunity with low overhead and substantial existing restaurant fit-up. Business name and corporation not included. (id:66096)
Property Details
- MLS®
- X13760588
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- GC
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $11.5/yr
- Listed
- 56 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 56 days on market, against an average age of 94 days across the listings currently for sale in this city
This business in Niagara Falls (Stamford) has been listed for 56 days, which is 38 days fresher than the city average of 94. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L2J)
This home lists at $129,900, about 1.6× the local median household income of $81,000.
Carrying it typically needs a household income of about $25,374 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $81,000
- Population
- 14,908
- Median age
- 50
- Owner / renter
- 81% / 19%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA L2J)
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$129,900
Niagara Falls