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$875,000
Available - For Sale
Listing ID: X12049242
A rare and exceptional opportunity to acquire two (2) side-by-side mixed-use commercial properties in the heart of Downtown Welland. (Also see 226 King St.) These properties are part of the Welland Community Improvement Plan, offering potential benefits and incentives for redevelopment, rejuvenation, and investment. Both properties are zoned DMC (Downtown Mixed-Use Commercial), allowing for a wide range of expansion or redevelopment possibilities, with versatility, consistent income potential, and long-term value. Currently, the properties generate multiple revenue streams through fully tenanted commercial and residential spaces. The spacious ground-floor commercial retail units are ideal for storefront, office, café, financial or medical practice, or other professional services and benefit from prime exposure, high visibility, and heavy foot traffic - existing tenants willing to stay! The upper-level residential apartments provide additional rental income with strong tenant demand. Located just steps from the Welland Canal, the Merritt Park Amphitheatre and floating stage which hosts events and festivals attracting visitors and locals throughout the year. Luxury waterfront condominiums are already launching their projects nearby as this area is poised for significant growth. A vibrant, pedestrian-friendly district undergoing major revitalization efforts aimed at rejuvenating the King Street corridor. Capitalize on this high-potential investment in the rapidly growing Downtown core of Welland! See Floor Plans and Attachments for additional information. Buyers verify measurements and all requirements.
Price $875,000
Taxes: $6,048
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 220-222 King Stre , Welland, L3B 3J7, Niagara
Postal Code: L3B 3J7
Province/State: Niagara
Directions/Cross Streets: KING ST/ STATE ST
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Use: Retail Store Related
Building Percentage: T
Total Area: 4,079
Total Area Code:  Square Feet
Office/Appartment Area: 936
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Public Transit   Recreation/Comm
Approximatly Age: 51-99
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE YOUR COMMUNITY REALTY

220-222 King Stre , Welland, L3B 3J7, Niagara


 
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At a Glance:
Type: Com - Commercial Retail
Area: Niagara
Municipality: Welland
Neighbourhood: 768 - Welland Downtown
Style:
Lot Size: x 114.40(Feet)
Approximate Age: 51-99
Tax: $6,048
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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