25-31 West Main Street, Welland, ON L3C 4Z5

$1,475,000

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List Price
$1,475,000
MLS#
X13790380
Status
ACTIVE
Type
Commercial
SubType
Commercial Retail
Province
ON
Municipality
Welland
Area
Niagara
Neighborhood
772 - Broadway
Subdivision
West Main St & Division St

Property Description

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 with renovations completed in 2014/2015. 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.

Additional Information

Taxes
$33,103
Heat Type
Gas Forced Air Closed
Air Conditioning
Yes
Lot Depth
177
Garage Type
None

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Listing courtesy of REVEL Realty Inc., Brokerage.