4625 CATARACT AVENUE new

Niagara Falls,ON L2E3M3

$ 12000000

- Bed

- Bath

10000 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $1,200

MLS Listing ID X11978497

Originating Board Niagara Association of REALTORS®

Property Description

This incredible property has been used for several movies and TV show filming locations, providing excellent income to the owner! Additionally, its prime QUEEN ST location offers unparalleled visibility and the potential for a 30+ storey building.This exceptional offering includes not just the hotel but also a separate 5 bedroom, 4 bath home on the same lot, perfect for an owners residence, a property manager, or added value as an Airbnb. It also has the potential to be subdivided.This is a rare opportunity to develop a versatile property in one of the worlds most renowned destinations, just steps from the breathtaking Niagara Falls. Situated on 0.93 acres of prime land (40,762 sqft),this property boasts stunning river views and proximity to key regional landmarks, making it an ideal location for various commercial ventures.The existing infrastructure includes 33 operational hotel rooms and an attached 5-bedroom, 4-bathroom house, with functional plumbing, electrical, and baseboard heating systems. The property also features an inground pool and full laundry facility. With potential for expansion, there is an opportunity to construct a hotel with 33-37 FLOORS in this high-traffic tourist area. Located just a 30-second walk to the GO station and Whirlpool Bridge, the property ensures prime access for tourists and visitors. Additionally, it is zoned for a wide variety of uses, including art galleries, assembly halls, banks, clinics, restaurants, retail stores, hotels, motels, parking lots, recreational uses, and much more, making it a prime candidate for development. With its flexible zoning and prime location, attracting millions of visitors each year, this property presents an unparalleled opportunity to capitalize on Niagara Falls thriving tourism industry. WATCH THE PROPERTY VIDEO to see everything this incredible offering has to offer! (Click the multimedia icon.) DO NOT WALK THE PROPERTY WITHOUT CONTACTING THE LISTING AGENT. HOUSE BEHIND HOTEL INCLUDED. (id:24570)

Location

State ON

Interior

Heating Radiant heat

Exterior

Parking Features No

View Y/N No

Private Pool No

Others

Virtual Tour https://www.youtube.com/shorts/iErVqnkC468

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