$12,000,000
4625 Cataract Avenue Niagara Falls, ON L2E 3M3
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$12,000,000
Est. payment /mo
10,000 SqFt
Active
4625 Cataract Avenue Niagara Falls, ON L2E 3M3
UPDATED:
09/26/2024 04:26 PM
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $1,200
MLS Listing ID 40649232
Abv Grd Liv Area 10,000
Originating Board Niagara
Annual Tax Amount $40,680
Property Description
Rare opportunity to develop a versatile property in one of the world’s most renowned destinations, just steps from the breathtaking Niagara Falls. Located on **0.93 acres** of prime land (40,762 square feet), this property offers stunning river views and proximity to key regional landmarks, making it an ideal location for various commercial ventures.
**Existing Infrastructure**: 33 operational hotel rooms and an attached 4-bedroom house, with functional plumbing, electrical, and baseboard heating systems.
**Potential for Expansion**: Build a hotel with 33-37 rooms in this high-traffic tourist area. Includes an inground pool and full laundry facility. Unmatched Location: Just a 30-second walk to the GO station and Whirlpool Bridge, ensuring prime access for tourists and visitors.
**Permitted Uses for the Property Include**:
Art Gallery, Assembly Hall, Auctioneering Establishment, Bake Shop, Bank, Trust Company, Credit Union, Currency Exchange, Car Rental Establishment, Truck Rental Establishment, Clinic, Dancing Studio, Day Nursery, Drive-In Restaurant, Dry Cleaning Establishment, Farmers' Market, Funeral Home, Health Centre, Hotel, Laundry, Library, Motel, Museum, Office, Parking Lot, Personal Service Shop, Photographer's Studio, Place Of Entertainment, Place Of Worship, Printing Shop, Public Garage, Mechanical, Private Club, Recreational Uses, Restaurant, Retail Store, Service Shop, Tavern, Animal Clinic.
With its **flexible zoning** and a location that attracts millions of visitors each year, this property is a prime candidate for a wide range of development opportunities. Whether you're looking to expand the current hotel, develop retail spaces, or introduce new commercial ventures, this property offers an unparalleled chance to capitalize on Niagara Falls’ thriving tourism industry.
For more information or to schedule a viewing, contact us today! DO NOT WALK THE PROPERTY WITHOUT CONTACTING THE LISTING AGENT. HOUSE BEHND HOTEL INCLUDED.
**Existing Infrastructure**: 33 operational hotel rooms and an attached 4-bedroom house, with functional plumbing, electrical, and baseboard heating systems.
**Potential for Expansion**: Build a hotel with 33-37 rooms in this high-traffic tourist area. Includes an inground pool and full laundry facility. Unmatched Location: Just a 30-second walk to the GO station and Whirlpool Bridge, ensuring prime access for tourists and visitors.
**Permitted Uses for the Property Include**:
Art Gallery, Assembly Hall, Auctioneering Establishment, Bake Shop, Bank, Trust Company, Credit Union, Currency Exchange, Car Rental Establishment, Truck Rental Establishment, Clinic, Dancing Studio, Day Nursery, Drive-In Restaurant, Dry Cleaning Establishment, Farmers' Market, Funeral Home, Health Centre, Hotel, Laundry, Library, Motel, Museum, Office, Parking Lot, Personal Service Shop, Photographer's Studio, Place Of Entertainment, Place Of Worship, Printing Shop, Public Garage, Mechanical, Private Club, Recreational Uses, Restaurant, Retail Store, Service Shop, Tavern, Animal Clinic.
With its **flexible zoning** and a location that attracts millions of visitors each year, this property is a prime candidate for a wide range of development opportunities. Whether you're looking to expand the current hotel, develop retail spaces, or introduce new commercial ventures, this property offers an unparalleled chance to capitalize on Niagara Falls’ thriving tourism industry.
For more information or to schedule a viewing, contact us today! DO NOT WALK THE PROPERTY WITHOUT CONTACTING THE LISTING AGENT. HOUSE BEHND HOTEL INCLUDED.
Location
Province ON
County Niagara
Area Niagara Falls
Zoning CB
Direction RIVER RD - PARK - CATARACT
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Waterfront No
Lot Frontage 127.87
Lot Depth 281.9
Garage No
Building
Lot Description Irregular Lot, Other
Faces RIVER RD - PARK - CATARACT
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
New Construction No
Others
Senior Community false
Tax ID 644450034
Ownership Freehold/None
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE
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