
7891 PORTAGE ROAD, Niagara Falls (Chippawa), ON L2G5Y7
$699,000 total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CB1 — Low Intensity Business
$ / SF
—
Occupancy
89%
Lot Size
0.354 ac
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)
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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.
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.
Confidential diligence documents for 7891 PORTAGE ROAD, Niagara Falls (Chippawa).
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.