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$1.2M total
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Asset Class
Office
Size
—
Building class
C
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
89%
Lot Size
56.9318 ac
23-acre land opportunity with an existing commercial facility! Welcome to 860 Forks Road West, offering over 23 acres with a 5,000+ sq. ft. commercial building, currently operating as the home of a locally recognized radio station under My Broadcasting Corporation. Ideally located at Highway 58 and Forks Road, with excellent road visibility and convenient access from throughout Niagara Region.The property features ample parking for 20+ vehicles and an existing, fully functional solar installation - further reducing overall operating expenses with energy savings. The building offers potential for continued use or leasing, while the expansive land base provides flexibility for a variety of future opportunities, subject to purchaser due diligence and all applicable approvals. Suitable for investors, owner-users, agricultural purchasers or strategic buyers seeking acreage and scalability. Business and operating assets not included in the sale. All measurements, permitted uses and future development potential to be independently verified by the purchaser. HST may apply to all or a portion of the purchase price. Flexible closing available. Photos may have been digitally enhanced, edited or virtually staged, including with AI, and may not reflect the property's exact condition or contents. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$79K
Annual cash flow
$10K
Cash-on-cash
2.60%
DSCR
1.14
Going-in cap
6.32%
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.
Trade area within 3 miles of the property.
Population
118,650
Households
45,871
Median income
$83,500
Median age
31.2
Daytime population
180,885
5-yr growth
7.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 860 FORKS ROAD, Welland (Broadway).
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.