L2E Hotels for Sale

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More details for 5544 Mcleod Rd, Niagara Falls, ON - Hospitality for Sale

Mcleod Road Motel - 5544 Mcleod Rd

Niagara Falls, ON L2G 3Y9

Hospitality for Sale
$4,900,000 CAD
5,583 SF

Niagara Falls Hospitality for Sale - Southern GGH

Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with 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. 1.5+/- acres site consists of 2 land parcels. Survey, Geotech, Phase 1, 2 & Record of Site Condition reports are avail.HST is in addition to list price & sole responsibility & expense of the Buyer.Property Tax amt subject to confirmation. Quick service retail is $2,000,000. Motel is $4,975,000.