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    For Sale - 650 Main Street, Port Colborne, Ontario

    Est payment $9,124/mo
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    Views   2
    Time on Jump  1 days

    AI Summary *

    • 1.5-acre site includes an operating 17-unit motel and approved mixed-use development plans.
    • Approved plans allow a six-storey building with 95 homes, commercial space, and 132 parking spaces.
    • Existing motel offers potential for room renovations and income while development plans await.
    • Approximately 360 feet of frontage on Main Street West, minutes from downtown.
    • About seven minutes from Nickel Beach, the Welland Canal, and Lake Erie.




    1. 5 acres of prime development land with an operating 17-unit motel on main st w in port colborne! A rare two-in-one opportunity: collect income today and hold an approved development site for tomorrow. Zoning approved as mixed use (mu), permitting a 6-storey building with 95 residential units, 326 sq m of ground-floor commercial space and 132 parking spaces. Site plan and engineering drawings available. The existing 17-unit motel offers value-add upside: renovate the rooms to drive rates and occupancy and earn cash flow while the development waits underneath, or buy it as a development site and break ground! Approx. 360 ft of frontage on high-exposure main st w, within port colborne's built-up area, minutes from the downtown core. 7 minutes to nickel beach, the welland canal and lake erie, and approx. Port colborne is on the rise with the $1. 56b asahi kasei ev battery separator plant, the first of its kind in canada, expected to bring 300+ jobs to the region and new demand for housing and accommodation. Whether you are a developer, a hospitality operator or a long-term investor, the possibilities are endless!
    Listing IDX14172682
    Address650 Main Street
    CityPort Colborne, Ontario
    Price$1,899,990
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitHeating / Cooling Electric Forced Air

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    Listing Brokerage: M5V Elite Realty Group

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    650 Main Street
    Port Colborne , Ontario
    $1,899,990
    Get more info