Business For Sale · Retail

7891 PORTAGE ROAD, Niagara Falls (Chippawa)

7891 PORTAGE ROAD, Niagara Falls (Chippawa), ON L2G5Y7

$699,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

89%

Lot Size

0.354 ac

About this property

Presenting 7891 Portage Road, a remarkable commercial property ideally situated on one of Niagara Falls' busiest streets, and only steps away from Marineland. With TC zoning, this versatile space offers endless possibilities for entrepreneurs. Imagine the potential of a turnkey restaurant, cherished by locals for decades, ready to continue its legacy of serving the ever-growing community. The restaurant is complemented with a stunning patio with seating to accommodate an additional 20 people. The separate beer garden, complete with an out-building featuring a server station setup, could effortlessly transform into its own outdoor bar, enhancing the atmosphere and entertainment options for guests. This space is the perfect event space, or outdoor bar, offering a stage for performances, firepits and picnic tables providing the ideal summer patio vibe. Being located only 5 minutes from Niagara Falls and Clifton Hill, fronting 3 streets, this turn-key commercial property is a rare opportunity to become a part of Niagara Falls' vibrant hospitality scene in one of Niagara's best locations. Explore the endless possibilities of this magnificent property today. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$38K

Annual cash flow

$-917

Cash-on-cash

-0.44%

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

78,747

Households

27,615

Median income

$72,000

Median age

41.1

Daytime population

101,234

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 7891 PORTAGE ROAD, Niagara Falls (Chippawa).

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.