$2,500,000

For sale

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6499 Lundys Lane, Niagara Falls (Hospital) - Retail for Sale

6499 Lundys Lane, Niagara Falls (Hospital), Ontario, L2G1T9

25,891 ft²Listed 377 days ago

Overview

This retail property in Niagara Falls is for sale offering roughly 25,891 sq ft of space.

Retail Space for Sale in Niagara Falls →All real estate in Niagara Falls →

Description

**For Sale: Prime Commercial Property on Lundy's Lane, Niagara Falls** Unlock the potential of this exceptional commercial property, currently operating as a mechanic service shop. Situated on the most desirable street in Niagara Falls, Lundy's Lane, this property boasts four full bays with 10 x 10 bay doors, 26 feet long, along with a spacious office, making it ideal for a variety of business ventures. The highlight of this property is the **Zoning, (GC) General commercial!!** This zoning allows for a diverse range of businesses or developments. **Developable Footprint:** Approximately 24,000 sq. ft. available, with the potential for a 16,000 sq. ft. footprint for developments up to 12 meters high. **Usage Flexibility:** As of right, you can pursue full commercial or mixed-use commercial/residential options.**Environmental Confidence:** A record of site condition is available and has been diligently maintained with Oakhill Environmental, ensuring peace of mind regarding environmental factors. This property presents a fantastic opportunity, whether you're looking to continue its current use as a mechanic shop or capitalize on the highly sought-after developable site. Don't miss out on this chance to invest in a prime location with endless possibilities! (id:66096)

Property Details

MLS®: X12478370
Property Type: Retail
Business Type: Automobile
Zoning: GC
Interior Size: 25,891 ft²
Frontage: 226 ft
Building Area: 25,891 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Other
Property Tax: $19,793/yr
Listed: 377 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

377d

Niagara Falls (Hospital) listings, avg age

113d

Price / ft²

$97

List price

$2.50M

Haho

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Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE · Rachel Stempski

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2G)

This home lists at $2,500,000, about 36.2× the local median household income of $69,000.

Carrying it typically needs a household income of about $488,338 (20% down, 25-yr amortization, stress-tested) — roughly 608% 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)

$2,500,000· $97/ft²

For sale

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Financing

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