5544 Mcleod Rd

For Sale
$7,900,000
5544 Mcleod Rd, Niagara Falls
5544 Mcleod Rd
5544 Mcleod Rd
5544 Mcleod Rd
5544 Mcleod Rd
Accommodation
CATEGORY
9,075 Sq Ft
TOTAL AREA
X8060196
MLSID
Contact Us
Property Description
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.
Extras
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.
Property Details
Category
Accommodation
Usage
Hotel/Motel/Inn
Zoning
Tourist Commercial
Total Area
9,075 Sq Ft
Office/Apartment Area
1,600 Sq Ft
Retail Area
7,475 Sq Ft
Lot Size
297' x 208'
Taxes
$42,285 (2023)
Parking Spaces
23
Listing contracted with Harvey Kalles Real Estate Ltd.
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