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    For Sale - 790 Clare Avenue, Welland, Ontario

    Est payment $7,683/mo
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    Views   2
    Time on Jump  6 day

    AI Summary *

    • Prime investment/re-development opportunity for lucrative commercial and residential uses.
    • Currently zoned for commercial use, operates as a variety store with drive-through.
    • Lot size of over 21,000 sqft with potential for constructing two detached houses.
    • Located near major landmarks like Niagara College and Seaway Mall for high traffic.
    • Vendor offers flexible options for purchase or rental of the existing variety store.




    This is a prime investment/re-development opportunity. The lot is under severance with the city to construct 2 detach houses in the back. It is currently zoned commercial and presently used as a variety store with a drive through. This property could be used for endless options subject to city's approval. Current zoning would allow commercial and/or residential uses. The present building is sprawled over 2860 square foot and set on a lot measuring 100. 32 by 219. 29 feet (21999 sqft lot). The total area of the lot promises limitless possibilities, very close to niagara college and seaway mall, highway 406 is not far away. Environment study and inspection is under way for construction of 2 houses. Price includes the price of both the lots. 100k has already been spent to develop the 2 lots. The commercial lot on the front is a successful and profitable operating variety store with a 2 bed apartment on the upper floor with one washroom. Another washroom is on the main floor. One of the rare variety stores with a drive through. The vendor is flexible with the option of selling just the commercial lot condition to severance by the city. This option shall include the land and building plus the operating business, all chattels and equipment. Inventory is not included. Sales of the store and lotto commission shall be provided on a conditional offer. The vendor is also open to rent out the variety store at a price of $50k plus inventory. The rent shall be $4500 with tmi included. Sales detail shall be provided on a conditional offer. Fantastic opportunity for developers and builders to buy the corner double lots for commercial use and to take over the property to build 2 detach houses. Its a heavy traffic area at the intersection of woodland and clare ave.
    Listing IDX13481154
    Address790 Clare Avenue
    CityWelland, Ontario
    Price$1,600,000
    Bath2 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air OpenSewer Sanitary

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    Listing Agency:  GLOBAL BRICKS EXECUTIVE HOMES REALTY

    * 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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    790 Clare Avenue
    Welland , Ontario
    2 $1,600,000
    Get more info