| Message Number | 393775 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | Exclusive: Niagara Falls Hotel Plaza on Ferry Street. 300 meter to Clifton Hill | ||||||||
| Business area |
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| Location, City | Niagara Falls | ||||||||
| Have/Want | Have | ||||||||
| Business category | Commercial Buildings/Hotels/Motels | ||||||||
| Date of Listing | November 6 2020 | ||||||||
| Type Description | 84 room hotel + 4 commercial units | ||||||||
| Location | Clifton Hill | ||||||||
| Price | $16,000,000.00 | ||||||||
| Zoning | TC | ||||||||
| Comments | Located 300 meter from Clifton Hill, the Hotel Plaza has 84 rooms and 4 commercial units. Great tenants. Commercial units can be appraised at $8 million at 5% cap rate. Two units are lower than market rent. Potential to increase another $100k per year. 84 room hotel income is a plus. There is a vacant land included in the price. Potential to develop to mixed use low-rise. Great location and lots of potential.
VTB possible. |
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| Internet Links | |||||||||
| Member Identifier | 10842 | ||||||||
| Control | Exclusive | ||||||||
| Name | Lixia Lin | ||||||||
| Title | Broker of Record | ||||||||
| Company Name | Elong Realty Brokerage, Inc. | ||||||||
| Address Line One | 4343 Morrison Street | ||||||||
| City | Niagara Falls | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L2E 6Z9 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | 1(905)325-7882 | ||||||||
| Cell Number | (905)325-7882 | ||||||||
| Email Address | Send Email |
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