For Sale

190 MAIN Street, Port Colborne, Ontario L3K1S6

$1,250,000

190 MAIN Street, Port Colborne, Ontario L3K1S6 is For Sale and has a listing price of 1,250,000. The property is located in the Port Colborne neighbourhood. It's been on the website for 59 Days.

  • Vacant Land
    Property Type
  • MLS ID: 40621909
  • Office Name SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE
Property Description

Discover a unique opportunity to acquire a thriving restaurant located on a high-traffic corner lot in Port Colborne, just off the highway. This well-established turn key restaurant has been serving the community for 22 years and is ready for new ownership. This lot benefits from excellent visibility and accessibility, attracting both local residents and highway travelers. Port Colborne is undergoing rapid expansion, driven by developments like the new EV battery plant, which promises increased economic activity and population growth. The property is zoned Highway Commercial, offering flexibility for various business ventures beyond the restaurant. It’s a turnkey operation with all equipment and infrastructure in place, ensuring a smooth transition for new owners if they choose to keep the restaurant there. With its established presence, strategic position, and potential for growth, this opportunity is ideal for investors looking to capitalize on the city’s expanding economy. Potential to purchase the business and lease the building could be discussed. Detailed financials are available upon request. Buyer to do their own due diligence regarding permitted uses. (id:43137)

Property Details
  • MLS ID: 40621909
  • Price: $1,250,000
  • Transaction Types: For Sale
  • Ref ID: 27208261
  • Year Built: N/A
  • Property Type: Vacant Land
  • Property Type: Commercial
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
07/23/2024 40621571 $1,250,000 For Sale - -
07/23/2024 40621909 $1,250,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Port Colborne
  • $758,773 Average List Price
    based on 1 year
  • 115 New Listings
    based on 30 days
  • 120 Median Days on Market
    based on 1 year
  • List vs. Selling Price 77.28 % Up
  • Sold (12mo) 138
  • Rented (12mo) 16

  • 1 Month Change +2.6%
  • 3 Month Change +0.2%
  • 6 Month Change +11.7%
Walkscore
Property Type Distribution
  • All Houses
    78%
  • All Houses/Commercial
    0.04%
  • Commercial
    11.92%
  • Condo
    6.99%
  • Land for Sale
    3.06%
Additional Details
  • Sewers Municipal Sewage System
  • Basement2 None
  • Water Municipal Water
  • Property Features Corner Site
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 23/07/2024 00:00:00
  • Zoning R7*h12*d50
  • Agent Name: MICHELLE CHAPPELL
  • Address Subdivision: 877 - Main Street
  • Last Updated: 24/07/2024 02:31:35
Open House Dates
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