4880 Victoria Avenue, Niagara Falls (Downtown) - Retail for Sale
4880 Victoria Avenue, Niagara Falls (Downtown), Ontario, L2E4C5
9,900 ft²Listed 62 days ago
Overview
This retail property in Niagara Falls is for sale offering roughly 9,900 sq ft of space. It has been on the market 62 days, fresher than the Niagara Falls average of 89 days.
Must sell. Retiring. Any reasonable offer will be reviewed.Exceptional opportunity to acquire a hugely popular, fully operational 130-seat restaurant in the heart of downtown Niagara Falls. Successfully operating for over 40 years, this well-established destination restaurant is recognized by locals and tourists alike for its long-standing presence and strong customer base.This offering combines an established restaurant business with a substantial commercial real estate property. The property offers approximately 7,400 sq. ft. above grade plus a full basement and is ideally suited for a restaurant, hospitality operation, or other commercial uses, subject to applicable approvals. The sale includes all equipment, furniture, fixtures, and restaurant-related assets, providing an excellent turnkey opportunity for an owner-operator or investor.Located on a high-traffic corridor in the heart of Niagara Falls, the property benefits from exceptional visibility and proximity to major tourist attractions, hotels, entertainment, and other downtown amenities. The property also features 12+ private parking spaces at the rear - a rare and highly valuable feature in the downtown core.With its prominent location, significant building size, established restaurant operation, parking, and strong tourism-driven exposure, this is a unique opportunity to acquire both a proven hospitality business and a valuable commercial real estate asset in one of Canada's premier tourism markets.Ideal for an owner-operator, hospitality investor, or buyer seeking a high-profile commercial property with an established income-producing business. (id:66096)
Property Details
MLS®
X13745248
Property Type
Retail
Zoning
General Commercial (GC)
Interior Size
9,900 ft²
Frontage
66 ft
Building Area
9,900 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$15,545.1/yr
Listed
62 days ago
Features
Appliances
Furniture
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
62d
Niagara Falls (Downtown) listings, avg age
89d
Price / ft²
$152
List price
$1.50M
Long Listed: 62 days on market, against an average age of 89 days across the listings currently for sale in this city
Market timing · days on market0 → 89d avg age of current listings
Long Listed · day 62
Haho
This retail in Niagara Falls (Downtown) has been listed for 62 days, which is 27 days fresher than the city average of 89. Act while there is still low competition.
Listed by ROYAL LEPAGE NRC REALTY · Doug Mcnaughton
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L2E)
This home lists at $1,500,000, about 24.7× the local median household income of $60,800.
Carrying it typically needs a household income of about $293,003 (20% down, 25-yr amortization, stress-tested) — roughly 382% 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)
$1,500,000· $152/ft²
For sale
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