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Attention Investors! For Sale on Niagara Wine Route

5204 King St., Beamsville $839,900

Overview:

Well maintained investment property located on the Niagara Wine Route in the vibrant and growing Town of Beamsville , this high traffic location offers quick QEW access with many new residential developments and high profile wineries in the immediate area,

Main Floor Commercial Unit Tenant is well established restaurant; two  residential apartments on the 2nd floor, detached Cottage at the rear of property is completely renovated with luxury finishes

General Commercial zoning permits a wide variety of uses; great opportunity for entrepreneur to re-develop site in the future (Upper floor has view of Lake Ontario) in the meantime, the potential cash flow can return excellent ROI.

Site Summary:

Address: 5204 King Street, Beamsville (Lincoln)

Lot Size: 80’ x 165’ .332 acres +/- (approx.)

Building Size: ±4,445 sq. ft.

Occupancy: Tenanted main floor commercial unit with one occupied and one vacant 2nd floor (1,000 sq. Ft approx.) apartments; Tenanted detached (485 sq. ft approx.) Cottage

Age of Building: 1950

Property Taxes; ±$8,134.37 (2020)

LCBO License: 53 patrons inside/ 23 patrons on patio

Zoning: GC - General Commercial

Fully serviced: Storm sewer, sanitary sewer, water main, catch basins, fire hydrant, telephone, cable and hydro- electric

Large paved parking area

Net Annual Income: $47,000

View on MLS

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