-5544 Mcleod Rd (Stanley & Marine Land Parkway)

Price : $7,900,000.00 , Status : Sale , MLS®# : X8060196

Description

Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with 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.

Highlights

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.

Property Details
  • Community:
  • City: Niagara Falls
  • Property Type: Commercial
  • Style: Investment()
  • Bath:
  • Garages: None ( Space)
Features
  • Heating: Baseboard ,
  • Sewer/Water Systems: San+Storm , Municipal

Listing Contracted With: HARVEY KALLES REAL ESTATE LTD.