5544 Mcleod Road, Niagara Falls
- Living area: 9075 square feet
- Type: Commercial
- Added: 285 days ago
- Updated: 32 days ago
- Last Checked: 14 hours ago
Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with future 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. As is where is sale. Parcels can be purchased separately (Motel Parcel: $4,975,000 / Vacant Land Parcel: $2,000,000) conditional upon Muncipal Technical Severance Consent. Property being sold in an As is Where Is Condition.
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Nearby Listings Stat
Active listings
111
Min Price
$2,100
Max Price
$14,999,999
Avg Price
$930,028
Days on Market
93 days
Sold listings
39
Min Sold Price
$349,000
Max Sold Price
$3,100,000
Avg Sold Price
$784,780
Days until Sold
87 days
