650 MAIN STREET W, Port Colborne (Main Street)650 MAIN STREET W, Port Colborne (Main Street) — photo 2650 MAIN STREET W, Port Colborne (Main Street) — photo 3650 MAIN STREET W, Port Colborne (Main Street) — photo 4650 MAIN STREET W, Port Colborne (Main Street) — photo 5650 MAIN STREET W, Port Colborne (Main Street) — photo 6650 MAIN STREET W, Port Colborne (Main Street) — photo 7650 MAIN STREET W, Port Colborne (Main Street) — photo 8650 MAIN STREET W, Port Colborne (Main Street) — photo 9650 MAIN STREET W, Port Colborne (Main Street) — photo 10650 MAIN STREET W, Port Colborne (Main Street) — photo 11650 MAIN STREET W, Port Colborne (Main Street) — photo 12650 MAIN STREET W, Port Colborne (Main Street) — photo 13650 MAIN STREET W, Port Colborne (Main Street) — photo 14650 MAIN STREET W, Port Colborne (Main Street) — photo 15650 MAIN STREET W, Port Colborne (Main Street) — photo 16650 MAIN STREET W, Port Colborne (Main Street) — photo 17650 MAIN STREET W, Port Colborne (Main Street) — photo 18650 MAIN STREET W, Port Colborne (Main Street) — photo 19
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Business For Sale · Specialty

650 MAIN STREET W, Port Colborne (Main Street)

650 MAIN STREET W, Port Colborne (Main Street), ON L3K3X2

$1.9M total

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Asset Class

Specialty

Size

—

Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

84%

Lot Size

65982 ac

About this property

1.5 ACRES OF PRIME DEVELOPMENT LAND WITH AN OPERATING 17-UNIT MOTEL ON MAIN ST W IN PORT COLBORNE! A RARE TWO-IN-ONE OPPORTUNITY: COLLECT INCOME TODAY AND HOLD AN APPROVED DEVELOPMENT SITE FOR TOMORROW. ZONING APPROVED AS MIXED USE (MU), PERMITTING A 6-STOREY BUILDING WITH 95 RESIDENTIAL UNITS, 326 SQ M OF GROUND-FLOOR COMMERCIAL SPACE AND 132 PARKING SPACES. SITE PLAN AND ENGINEERING DRAWINGS AVAILABLE. THE EXISTING 17-UNIT MOTEL OFFERS VALUE-ADD UPSIDE: RENOVATE THE ROOMS TO DRIVE RATES AND OCCUPANCY AND EARN CASH FLOW WHILE THE DEVELOPMENT WAITS UNDERNEATH, OR BUY IT AS A DEVELOPMENT SITE AND BREAK GROUND! APPROX. 360 FT OF FRONTAGE ON HIGH-EXPOSURE MAIN ST W, WITHIN PORT COLBORNE'S BUILT-UP AREA, MINUTES FROM THE DOWNTOWN CORE. 7 MINUTES TO NICKEL BEACH, THE WELLAND CANAL AND LAKE ERIE, AND APPROX. PORT COLBORNE IS ON THE RISE WITH THE $1.56B ASAHI KASEI EV BATTERY SEPARATOR PLANT, THE FIRST OF ITS KIND IN CANADA, EXPECTED TO BRING 300+ JOBS TO THE REGION AND NEW DEMAND FOR HOUSING AND ACCOMMODATION. WHETHER YOU ARE A DEVELOPER, A HOSPITALITY OPERATOR OR A LONG-TERM INVESTOR, THE POSSIBILITIES ARE ENDLESS! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$105K

Annual cash flow

$-495

Cash-on-cash

-0.09%

DSCR

1.00

Going-in cap

5.52%

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

87,915

Households

35,293

Median income

$130,500

Median age

37.2

Daytime population

94,537

5-yr growth

4.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 650 MAIN STREET W, Port Colborne (Main Street).

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.