220-222 King Street, Welland (768 – Welland Downtown), Ontario L3B 3J7 (28091679)


LOADING

4,079 ft2
Fully Air Conditioned Forced Air

$875,000

A rare and exceptional opportunity to acquire two (2) side-by-side mixed-use commercial properties in the heart of Downtown Welland. (Also see 226 King St.) These properties are part of the Welland Community Improvement Plan, offering potential benefits and incentives for redevelopment, rejuvenation, and investment. Both properties are zoned DMC (Downtown Mixed-Use Commercial), allowing for a wide range of expansion or redevelopment possibilities, with versatility, consistent income potential, and long-term value. Currently, the properties generate multiple revenue streams through fully tenanted commercial and residential spaces. The spacious ground-floor commercial retail units are ideal for storefront, office, café, financial or medical practice, or other professional services and benefit from prime exposure, high visibility, and heavy foot traffic - existing tenants willing to stay! The upper-level residential apartments provide additional rental income with strong tenant demand. Located just steps from the Welland Canal, the Merritt Park Amphitheatre and floating stage which hosts events and festivals attracting visitors and locals throughout the year. Luxury waterfront condominiums are already launching their projects nearby as this area is poised for significant growth. A vibrant, pedestrian-friendly district undergoing major revitalization efforts aimed at rejuvenating the King Street corridor. Capitalize on this high-potential investment in the rapidly growing Downtown core of Welland! See Floor Plans and Attachments for additional information. Buyers verify measurements and all requirements. (id:54662)

Business

Business Type Retail and Wholesale
Business Sub Type Retail misc.

Property Details

MLS® Number X12049242
Property Type Retail
Community Name 768 - Welland Downtown
Amenities Near By Public Transit, Recreation

Building

Age 51 To 99 Years
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 4,079 Ft2
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation
Size Depth 114 Ft ,4 In
Size Frontage 33 Ft
Size Irregular 33 X 114.4 Ft
Size Total Text 33 X 114.4 Ft
Zoning Description Dmc - Downtown Mixed Use - Commercial

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Amanda Abergel
Salesperson

(647) 967-8567

Royal LePage Your Community Realty
8854 Yonge Street
Richmond Hill, Ontario L4C 0T4

(905) 731-2000
(905) 886-7556