For Sale · Office

860 FORKS ROAD, Welland (Broadway)

860 FORKS ROAD, Welland (Broadway), ON L3B5R6

$1.2M total

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

89%

Lot Size

56.9318 ac

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.25M
Down payment30% · $375K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 860 FORKS ROAD, Welland (Broadway).

NDA required
  • 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.