UPDATED:
09/26/2024 04:14 PM
Key Details
Property Type Commercial
Sub Type Hospitality,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 3,995 sqft
Price per Sqft $312
MLS Listing ID 40621571
Abv Grd Liv Area 3,995
Originating Board Niagara
Annual Tax Amount $16,462
Lot Size 0.671 Acres
Acres 0.671
Property Description
This lot benefits from excellent visibility and accessibility, attracting both local residents and highway travelers. Port Colborne is undergoing rapid expansion, driven by developments like the new EV battery plant, which promises increased economic activity and population growth.
The property is zoned Highway Commercial, offering flexibility for various business ventures beyond the restaurant. It's a turnkey operation with all equipment and infrastructure in place, ensuring a smooth transition for new owners if they choose to keep the restaurant there.
With its established presence, strategic position, and potential for growth, this opportunity is ideal for investors looking to capitalize on the city's expanding economy. Potential to purchase the business and lease the building could be discussed. Detailed financials are available upon request. Buyer to do their own due diligence regarding permitted uses.
Location
Province ON
County Niagara
Area Port Colborne/Wainfleet
Zoning HC
Direction Hwy 3 to Berkley
Rooms
Basement Crawl Space
Kitchen 0
Interior
Fireplace No
Exterior
Waterfront No
Lot Frontage 195.0
Lot Depth 169.0
Garage No
Building
Lot Description Irregular Lot, Ample Parking, City Lot, High Traffic Area, Highway Access, Schools
Faces Hwy 3 to Berkley
Story 1
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 641500180
Ownership Freehold/None
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