$1,899,990 Sale

Listed 2 days ago

650 MAIN STREET W

MLS® x14172682 Multi Family

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Beds · 0

Baths · 0.0

Parking · 130

Sqft · 2 ac

Est. mortgage

$7,208/mo

Key Facts

Key facts for 650 MAIN STREET W

Property Type

Apartment

Parking

Garage: No, 130 parking

MLS #

X14172682

Size

2 ac sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

1.5 ACRES OF PRIME DEVELOPMENT LAND WITH AN OPERATING 17-UNIT MOTEL ON MAIN ST W IN PORT COLBORNE! A RARE TWO-IN-ONE OPPORTUNITY: COLLECT INCOME TODAY AND HOLD AN APPROVED DEVELOPMENT SITE FOR TOMORROW. ZONING APPROVED AS MIXED USE (MU), PERMITTING A 6-STOREY BUILDING WITH 95 RESIDENTIAL UNITS, 326 ...SQ M OF GROUND-FLOOR COMMERCIAL SPACE AND 132 PARKING SPACES. SITE PLAN AND ENGINEERING DRAWINGS AVAILABLE. THE EXISTING 17-UNIT MOTEL OFFERS VALUE-ADD UPSIDE: RENOVATE THE ROOMS TO DRIVE RATES AND OCCUPANCY AND EARN CASH FLOW WHILE THE DEVELOPMENT WAITS UNDERNEATH, OR BUY IT AS A DEVELOPMENT SITE AND BREAK GROUND! APPROX. 360 FT OF FRONTAGE ON HIGH-EXPOSURE MAIN ST W, WITHIN PORT COLBORNE'S BUILT-UP AREA, MINUTES FROM THE DOWNTOWN CORE. 7 MINUTES TO NICKEL BEACH, THE WELLAND CANAL AND LAKE ERIE, AND APPROX. PORT COLBORNE IS ON THE RISE WITH THE $1.56B ASAHI KASEI EV BATTERY SEPARATOR PLANT, THE FIRST OF ITS KIND IN CANADA, EXPECTED TO BRING 300+ JOBS TO THE REGION AND NEW DEMAND FOR HOUSING AND ACCOMMODATION. WHETHER YOU ARE A DEVELOPER, A HOSPITALITY OPERATOR OR A LONG-TERM INVESTOR, THE POSSIBILITIES ARE ENDLESS! (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

2 ac sqft

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

2 ac sqft

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

1.5 ac

Parking Spaces

130

Garage Spaces Y/N

Zoning Description

Commercial-Residential-Development

Land Amenities

Highway, Public Transit

Acreage

1.5 ac

Parking Spaces

130

Garage Spaces Y/N

Zoning Description

Commercial-Residential-Development

Land Amenities

Highway, Public Transit

Building Description

Home Type

Apartment

Subtype

Multi Family

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

Main Street

Area Code

Port Colborne (Main Street)

Community

Main Street

Area Code

Port Colborne (Main Street)

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