$1,499,990

For sale

5890 Main Street, Niagara Falls (Dorchester) - Retail for Sale

5890 Main Street, Niagara Falls (Dorchester), Ontario, L2G5Z8

7,900 ft²Listed 16 days ago

Overview

This retail property in Niagara Falls is for sale offering roughly 7,900 sq ft of space. It has been on the market 16 days, fresher than the Niagara Falls average of 62 days.

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Description

PRIME CORNER COMMERCIAL PROPERTY IN THE HEART OF NIAGARA FALLS! Excellent investment or owner-user opportunity at the high-visibility intersection of Ferry Street and Main Street, just minutes from the world-famous Niagara Falls. This property offers outstanding exposure and excellent potential for a variety of commercial uses, including restaurants, banks, financial institutions, bistros, nightclubs, and more, subject to zoning approvals. Currently vacant and ready for new possibilities, An added bonus is the four rooftop advertising billboards, offering potential additional advertising income. A rare opportunity to own a prominent corner property with multiple potential income streams in a prime Niagara Falls location. Don't miss this exceptional commercial investment opportunity! ***PLEASE NOTE*** There was a second storey sitting area before that was taken out by the previous Tenant and Can be put back in for additional space if needed.Total sqftz Includes the Basement also. (id:66096)

Property Details

MLS®: X14094008
Property Type: Retail
Zoning: GC
Interior Size: 7,900 ft²
Frontage: 56 ft
Building Area: 7,900 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $22,876.7/yr
Listed: 16 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Niagara Falls (Dorchester) listings, avg age

62d

Price / ft²

$190

List price

$1.50M

Haho

This retail in Niagara Falls (Dorchester) has been listed for 16 days, which is 46 days fresher than the city average of 62. Act while there is still low competition.

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Listed by REVEL Realty Inc., Brokerage · Amanjot Kaur

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2G)

This home lists at $1,499,990, about 21.7× the local median household income of $69,000.

Carrying it typically needs a household income of about $293,001 (20% down, 25-yr amortization, stress-tested) — roughly 325% 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)

$1,499,990· $190/ft²

For sale

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