$1,475,000
Available - For Sale
Listing ID: X13790380
25-31 West Main Street , Welland, L3C 4Z5, Niagara
| Rare Downtown Welland Investment & Development Opportunity! Offered together, these two adjoining commercial buildings provide a unique combination of existing income, flexible space, prominent corner exposure, parking, and future potential. Located at West Main Street and Division Street on approximately 0.26 acres, the properties are zoned Downtown Mixed-Use Centre (DMC). 25 West Main Street is a freestanding corner building currently home to TEMPUS restaurant with the approximately 1,250 sq. ft. main floor includes a 750 sq. ft. dining room with seating for up to 70, while the basement features a large prep kitchen, washrooms, and a private dining room for 16. A standout feature is the impressive 17' x 70' canal-view patio, accommodating up to 60 guests. The building was fully renovated in 2014/2015, and most restaurant equipment is owned and included, excluding the leased dish and glass washer. 29-31 West Main Street offers approximately 3,000 sq. ft. per floor across two upper floors, plus an approximately 1,100 sq. ft. basement office/storage area. The upper floors have been stripped to the brick walls, creating an expansive blank canvas with large picture windows. Ideal for a future brewpub, event venue, restaurant, retail, office, entertainment concept, or other permitted use. The exterior façade was updated three years ago. Rear parking provides additional convenience and can also serve as a receiving area. With immediate rental income, substantial flexible space, canal views, parking, and DMC zoning, this is an exceptional opportunity for an investor, owner-user, entrepreneur, or developer looking to establish a significant presence in downtown Welland.Two buildings. One acquisition. Significant potential.Buyer and Buyer's Agent to verify all measurements, zoning, permitted uses, and development potential. |
| Price | $1,475,000 |
| Taxes: | $33103.89 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 25-31 West Main Street , Welland, L3C 4Z5, Niagara |
| Postal Code: | L3C 4Z5 |
| Province/State: | Niagara |
| Legal Description: | FIRSTLY: PT LT 1 PL 552, PT LT 26 CON 5 |
| Directions/Cross Streets: | West Main ST & Division St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 7250.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Sprinklers: | Part |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| REVEL Realty Inc., Brokerage |
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Reza Peyvandi
Broker, ABR, SRS, RENE
Dir:
416-230-0202
Bus:
905-695-7888
Fax:
905-695-0900
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 772 - Broadway |
| Tax: | $33,103.89 |
| Fireplace: | N |
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