NewFor Sale

4625 Cataract Avenue
Niagara Falls, Niagara, ON, L2E 3M3

Commercial Retail
TRREB
MLS® Number: X12446945
$6,999,000List Price
Commercial RetailProperty Type
10,000 sq ftSize
$40,680 / 2024Taxes (Annual)
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Listing History

Buy/sell history for 4625 Cataract Avenue, Niagara Falls, ON L2E 3M3

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Description

CITY GRANTS AVAILABLE!!Development happening all around this property! CLICK MORE PHOTOS & BROCHURE below to view the INTEREST FREE CITY LOAN INCENTIVES INFO. Proposed 20 storey building across the street! This property has been used for movies/TV show filming locations, providing income to the owner! Additionally, its prime QUEEN ST location offers unparalleled visibility and potential for a 30+ storey building. This exceptional offering includes not just the hotel but also a separate 5 bed, 4 bath home on the same lot, perfect for an owners residence, a property manager, or added value as an Airbnb. It also has the potential to be subdivided. This is a rare opportunity to develop a versatile property in one of the most renowned destinations, just steps from Niagara Falls. Situated on 0.93 acres of prime land (40,762 sqft),this property boasts stunning river views and proximity to key regional landmarks, making it an ideal location for commercial ventures.The existing infrastructure includes 33 operational hotel rooms and an attached 5-bedroom, 4-bathroom house, with functional plumbing, electrical, and baseboard heating systems. The property also features an inground pool and full laundry facility. With potential for expansion, there is an opportunity to construct a hotel with 33-37 FLOORS in this high-traffic tourist area. Located just a 30-second walk to the GO station and Whirlpool Bridge, the property ensures prime access for tourists and visitors. Additionally, it is zoned for a wide variety of uses, including art galleries, assembly halls, restaurants, retail stores, hotels, motels, parking lots, recreational uses, and much more, making it a prime candidate for development. With its flexible zoning and prime location, attracting millions of visitors each year, this property presents an unparalleled opportunity to capitalize on Niagara Falls thriving tourism industry. Community Improvement Plan and City Incentives/Interest-Free Loan Information in Supplements

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$40,680 / 2024
Listing #:X12446945
Property Type:Commercial Retail
Size:10,000 sq ft
Land Size:127.87 x 281.9
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:RE/MAX NIAGARA REALTY LTD, BROKERAGE

Rooms

Details

Property

Property Type:Commercial Retail
Community:210 - Downtown
Municipality:Niagara

Building

Size:10,000 sq ft

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:No
Heating Type:Radiant

Land

Cross Street:QUEEN ST - RIVER RD - PARK - CATARACT

$6,999,000

List price

4625 Cataract Avenue, Niagara Falls – Commercial Retail for sale