5544 MCLEOD ROAD, Niagara Falls, Ontario, L2G3E3


Broker
RE/MAX Right Move Brokerage - Orillia
Cell: 519-721-4404
Tel: 705-325-1373
$6,975,000 - For sale
Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with future mid-to-high density residential development potential. Located in the Tourist Core of Niagara Falls at the corner of Stanley Ave & McLeod Rd, between Marineland and the hotel-entertainment core, the existing non-operating 2 storey motel, in need of rejuvenation, contains 23 motel units and has a 3-bedroom office/residence. In-place zoning permits a range of Tourist Commercial Uses. A mixed-use development concept by Zeidler Partnership Architects for 245 res units/22 floors with podium retail commercial has been presented to the City. The site provides a unique opportunity to pursue a mid-rise or high-rise rezoning for greater heights or to restore/expand the existing model. As is where is sale. Parcels can be purchased separately (Motel Parcel: $4,975,000 / Vacant Land Parcel: $2,000,000) conditional upon Muncipal Technical Severance Consent. Property being sold in an As is Where Is Condition. **EXTRAS** 1.5+/- acres site consists of 2 land parcels.Survey, Geotech, Phase 1, 2 & Record of Site Condition reports are avail.HST is in addition to list price & sole responsibility & expense of the Buyer.Property Tax amt subject to confirmation. (id:2471)
Location DescriptionStanley & Marine Land Parkway
- Property Address:5544 MCLEOD ROAD, Niagara Falls, Ontario, L2G3E3
- Property Type:Business
- Lot Size:297.41 x 207.8 FT ; Irregular -Two Parcels
- Water Type:Municipal water
- Parking Space Total:23
- Floor Space:9075 sqft
- Heating Type:Baseboard heaters
- Amenities Nearby:Public Transit

Broker
RE/MAX Right Move Brokerage - Orillia
Cell: 519-721-4404
Tel: 705-325-1373
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- Map 5544 MCLEOD ROAD, Niagara Falls, Ontario, L2G3E3
- Neighbourhood Information
5544 MCLEOD ROAD, Niagara Falls, Ontario, L2G3E3
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