5204 King St., Beamsville $839,900
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.
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