Commercial listings / Retail / For sale
5470 + 5480 Victoria Avenue, Niagara Falls, ON L2G 3L2
$2,888,000
- Property type
- Retail (Commercial Retail)
- Transaction
- For sale
- Location
- Niagara Falls, Niagara
- Building area
- 0 Acres
- Lot size
- 13777 Feet
- MLS® number
- X14137006
Description
TWO PARCELS FOR THE PRICE OF ONE! Secure a prime strategic footprint in the second most visited city in the country. Zoned Tourist Commercial (TC), this coveted assembly sits in the heart of Niagara Falls high-traffic Clifton Hill entertainment subdistrict. Features 5470 Victoria Ave (luxury main-floor restaurant with recently updated 4-bed, 3-bath upper residential space) AND 5480 Victoria Ave (rare 17-car private lot ideal for an automated, zero-maintenance parking gate system). STUNNING SECURED CASH FLOW: Completely de-risked by a stellar lease agreement locking in aggressive contractual escalations: $12,000/m in 2028, $13,500/m in 2030, and $15,000/month in 2032. Collect premium, escalating hassle-free income , plan a future high-rise, or execute a retail boutique store. Located in close proximity to the highly anticipated 50-storey 'Music City' Hotel/Entertainment Hub and 4-level city parking structure. The zoning allows endless possibilities. The window to buy before this pocket explodes is closing fast. Book your private tour today!
Listing brokerage: ROYAL LEPAGE NRC REALTY
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