






1/8938 GARRISON ROAD, Fort Erie (Crescent Park), ON L2A1N7
$649,900 total
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Asset Class
Land
Size
—
Building class
C
Zoning
AG — Agricultural
$ / SF
—
Occupancy
97%
Lot Size
0.732 ac
Position your business in the heart of Fort Erie's primary commercial corridor. Situated on a prominent corner lot with approximately 120 ft of frontage on Garrison Rd/Hwy 3 and 265 ft along Kraft Rd, this commercial development property offers excellent visibility and exposure along one of the community's busiest commercial routes. Surrounded by established businesses and conveniently located near major retailers, restaurants, professional services and everyday amenities, the property offers an excellent opportunity to build, expand or establish your business and brand in a highly visible location. The property's Core Mixed Use 3 (CMU3) zoning provides flexibility for a wide variety of potential commercial and residential uses, including but not limited to animal hospitals, bake shops, banks, retail stores, service shops, commercial schools, daycares, restaurants, motels, studios, supermarkets and residential dwellings. The zoning also provides potential for mixed-use development with commercial space and residential units above, offering additional possibilities for investors and developers. With its generous frontage, high-traffic exposure and versatile zoning, this property is well positioned for a range of future development opportunities. Convenient access to the QEW provides connections throughout the Niagara Region and toward Toronto, while the Peace Bridge to Buffalo and the U.S. border is just minutes away. A highly visible corner property with the location, zoning and exposure to bring your next commercial or mixed-use project to life. (id:66811)
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Monthly debt service
$3K
Projected NOI
$35K
Annual cash flow
$-822
Cash-on-cash
-0.42%
DSCR
0.98
Going-in cap
5.41%
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
123,728
Households
48,641
Median income
$107,000
Median age
44.3
Daytime population
194,399
5-yr growth
5.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 938 GARRISON ROAD, Fort Erie (Crescent Park).
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.