Address
394 MERRITT Street St. Catharines, ON
Price
$ 1,250,000
Property Attributes
  • ID#40065669
  • TypeCommercial
  • CitySt. Catharines
  • AreaNiagara
  • NeighbourhoodMerritton
  • Postal CodeL2P 1P4
  • Style
  • Price$ 1,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Janice Campopiano with Royal LePage NRC Realty
Data Source:
RLP - CREA EN
Property Description

Well-established car lot in the heart of auto commerce area in St. Catharines. This is a unique opportunity to take over a profitable business with a great reputation and client base. The sale of Business and Land together provide tremendous value. New St. Catharines zoning by-laws will not allow any more land allocated to car sales lots, making this location highly sought after. To keep car lot zoning designation new owner must continue the current use. This business has stood the test of time, profitable since 1973. Owners are now looking to retire. Possible VTB is available. Price does not include current inventory and finance contracts which can be transferred to the new owner at cost. Dealership OMVIC license to be transferred upon approved application to OMVIC. Must have OMVIC sales License which is easy to attain. Carlot holds up to 30 cars and includes a 1.5 car garage for minor repairs and cleanups, an office space, and a washroom. Established a network of relationships to provide safety for vehicles, repairs, consumer financing for vehicles, inventory acquisition from auction companies, and parts acquisition. Excellent UCDA insurance policy in place under corportaion. This is a complete turnkey opportunity.

General Features

Parking Spaces 30

Exterior Features

Lot Frontage 66.01
Jumpid 14643800

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L2P 1P4

Price
AVG $1.25M
$1.25M
Visits
AVG 19
18
Walkscore
AVG 61
61
Data Provided by Walkscore ® not using MLS data