1/27264 RIDGE ROAD N, Fort Erie (Ridgeway)
264 RIDGE ROAD N, Fort Erie (Ridgeway), ON L0S1N0
Price on request
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Asset Class
Office
Size
—
Building class
C
Zoning
DC1 — Direct Control
$ / SF
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Occupancy
83%
About this property
Secure a premier commercial lease at 264 Ridge Rd N in the heart of Ridgeway, Fort Erie, just in time to welcome the steady foot traffic drawn by the crisp autumn air and festive winter holiday season. Boasting a rich history as an established retail store, this highly visible property on the town's main artery features flexible CMU4 zoning that perfectly accommodates boutique shops, cozy cafes, personal services, or office space. This location is offered as a commercial lease with TMI (Taxes, Maintenance, and Insurance) to be paid by the tenant, providing a clear and manageable structure for your business operations. Surrounded by ongoing development and a thriving, community-focused economy, this adaptable space presents a strategic opportunity for entrepreneurs ready to establish their brand in Ridgeway's dynamic and expanding commercial landscape. Option for tenant to purchase the property in the future means you can set roots here and thrive. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$67K
Annual cash flow
$-16K
Cash-on-cash
-3.54%
DSCR
0.81
Going-in cap
4.48%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
52,671
Households
24,632
Median income
$105,000
Median age
45.6
Daytime population
50,819
5-yr growth
3.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 264 RIDGE ROAD N, Fort Erie (Ridgeway).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.