Niagara Falls, ON L2G 3N7,5020 Centre Street
Niagara Falls, ON L2G 3N7,5020 Centre Street
Niagara Falls, ON L2G 3N7,5020 Centre Street
$4,300,000
Est. payment /mo
$4,970,000
13.5%
Est.Price: ?

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6,394 SqFt
SOLD DATE : 02/21/2024

Key Details

Sold Price $4,300,000

Property Type Commercial

Sub Type Building and Land

Listing Status Sold

Purchase Type For Sale

Square Footage 6,394 sqft

Price per Sqft $672

MLS Listing ID 40315331

Annual Tax Amount $20,283

Property Description

Rare Opportunity to Own a One of a Kind Excellent Income Investment Property Located At the Core of the Niagara Falls Tourist Area ( Clifton Hill/Victoria Ave). The 2nd Floor Tenant (Including Main Floor Reception Area) Is The Famous "Locomoland" Well Known To Public And Main Floor Is Occupied By The Building Owner Who Has Been Operating A Successful Souvenir Store For Over 40 Years, now retiring. The Main Floor Shall Be Vacant Possession For The Buyer On Closing Date. Rent Roll Is Ready For Potential Buyers.

Includes 3 Parking Spaces (off-site) .

The Current Rent : 2nd Floor $100,000 / Year + 50% Property Taxes + Utilities

Location

Province ON

County Niagara

Area Niagara Falls

Zoning Commertial

Rooms

Kitchen 0

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Exterior

Waterfront No

Building

Lot Description Urban, None

Story 2

Sewer Sewer (Municipal)

Water Municipal

New Construction No

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD

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