Business For Sale · Land

938 GARRISON ROAD, Fort Erie (Crescent Park)

938 GARRISON ROAD, Fort Erie (Crescent Park), ON L2A1N7

$649,900 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

97%

Lot Size

0.732 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 938 GARRISON ROAD, Fort Erie (Crescent Park).

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.