Address
244 KING Street Welland, ON
Price
$ 1,699,900
Property Attributes
  • ID#40121914
  • TypeCommercial
  • CityWelland
  • AreaNiagara
  • NeighbourhoodMarket Square
  • Postal CodeL3B 3J8
  • Style
  • Price$ 1,699,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Robby Pruthi with Cosmopolitan Realty
Data Source:
RLP - CREA EN
Property Description

Attention Developers and Visionaries! Rare opportunity to own a mixed-use commercial/residential investment property in an area ripe with potential! 2 amazing properties can be purchased together 244 King st. & 69 State st.(MLS# 40121808)! In the heart of thriving and growing downtown Welland, walking distance to Canal, right beside all the conveniences and 7 min away from Niagara College & Seaway Mall. With numerous proposed developments/redevelopments taking place within the City and surrounding area, the already substantial foot and vehicle traffic is expected to increase significantly. These properties have many different options for building your business. Did we forget to mention that this property was the first Leon’s Store? If you are looking for Commercial Space that will bring success to your business, well this is your spot! Over 20,500 sq. ft. of space is waiting for you. Nevertheless, if you are a developer/builder there is a huge possibility to expand your horizons for future development potential. This site is a perfect conversion site, that has an opportunity to be converted into AFFORDABLE APARTMENTS! The best part is that it’s already pre-approved by the city for 32 Affordable Housing Apartments & Several Grants are available from the City for affordable housing, isn’t it an investment dream? 69 State street could be used as parking, which is currently rented for $1000 per month. MAKE IT YOURS TODAY! EXCELLENT INVESTMENT ON A LARGE CORNER LOT WITH GREAT EXPOSURE!

Exterior Features

Lot Frontage 44.22
Jumpid 15184513
Mls 40121914

Amenities

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

Property vs Commercial Average in L3B 3J8

Price
AVG $3.23M
$1.7M
Visits
AVG 206
24
Walkscore
AVG 55
54
Data Provided by Walkscore ® not using MLS data