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Key Details
Sold Price $505,000
Property Type Commercial
Sub Type Retail,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $101
MLS Listing ID 40533644
Annual Tax Amount $5,509
Property Description
High-Visibility Commercial Property with Laundromat and Expansion Potential. Located next to a bustling residential area, this commercial building offers excellent visibility and accessibility. Spanning approximately 5,000 sq. ft., the property sits on a lot measuring 100.3 ft x 122 ft, providing ample space for business and potential development.
Commercial Units: 3 (Each approximately 1,666 sq.ft.) Unit 1: Operational Laundromat equipped with 21 washers and 11 dryers. Unit 2: Currently Vacant. Unit 3: Vacant, with potential for conversion into 4 residential apartments. Zoning: C2 (General Commercial), offering a wide range of business possibilities. Sale includes all laundromat machines and equipment, enabling immediate operation continuity for the new owner. This property represents an ideal opportunity for investors or business owners seeking a well-placed commercial space with significant growth potential, especially with the prospect of expanding residential offerings on the property. Property Information Brochure attached as supplement.
Location
Province ON
County Niagara
Area Fort Erie
Zoning GC C-2
Rooms
Kitchen 0
Exterior
Waterfront No
Building
Lot Description City Lot
Story 2
Sewer Sewer (Municipal)
Water Municipal
Structure Type Block,Vinyl Siding
New Construction No
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