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394 Merritt St 954 SF Retail Building St Catharines, ON L2P 1P4 $835,000 CAD ($875.26 CAD/SF)
INVESTMENT HIGHLIGHTS
- Ideal property to acquire and establish a used car sales business, with option to purchase existing business.
- Merritt St. is a central hub, close to Brock University, Niagara College, the Meridian Centre, and Pen Centre Mall, highway access is 4 minutes away.
- Traffic count 20,000 vehicles/day approximately.
- A New close by GO Train station is currently under construction.
EXECUTIVE SUMMARY
Possible VTB (Vendor Take Back financing)___Ideal property to acquire and establish a used car sales business___with the option to purchase (additional) an established Clean And Shine Auto Sales Limited, including OMVIC dealer license (in good standing)___The business has been successfully operating since 1973 with a loyal customer base___Traffic count 20,000 vehicles/day approx___Merritt St. is a central hub, close to Brock University, Niagara College, the Meridian Centre, and Pen Centre Mall, highway access is 4 minutes away___Merritt St. is located 16 minutes from Niagara Falls, 20 minutes from Niagara-on-the-Lake and Wine Country, 29 minutes from the US/Canada border---A New close by GO Train station is currently under construction.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
954 SF
Building Class
C
Year Built
1964
Price
$835,000 CAD
Price Per SF
$875.26 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.13 AC
Zoning
M1 - Light Industrial Zones
Parking
12 Spaces (12.58 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
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394 Merritt St
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