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$ 850,000
Est. payment /mo
New
220-222 King ST Welland, ON L3B 3J7
2,775 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,775 sqft
Price per Sqft $306
Subdivision 768 - Welland Downtown
MLS Listing ID X12407231
Annual Tax Amount $6,329
Tax Year 2024
Property Sub-Type Store W Apt/Office
Lot Depth 114.4
Lot Front 33.0
Property Description
Attention Builders, Developers, Investors, and Visionaries! A rare and exceptional opportunity to acquire two (2) side-by-side mixed-use commercial properties in the heart of Downtown Welland (Also see 226 King Street - offered in conjunction or separately).These properties are located within the Welland Community Improvement Plan (CIP) zone, making them eligible for potential redevelopment incentives, grants, and municipal planning support - ideal for builders, owner-operators, and forward-thinking investor visionaries. Zoned DMC (Downtown Mixed-Use Commercial), both parcels offer outstanding flexibility and potential for future expansion, including condominiums, medical or professional offices, retail storefronts, and more. Currently, the buildings generate multiple income streams from fully tenanted commercial and residential units. The ground-floor retail space benefits from excellent exposure and consistent foot traffic during local events, farmers markets, and downtown festivals. Well-established commercial tenants are in place and willing to remain. The upper-level residential apartment provides stable rental income and remains in high demand due to its central location just steps from the scenic Welland Canal, Merritt Park Amphitheatre, and the floating stage. This site is positioned within a vibrant, walkable district that is actively undergoing revitalization as part of Welland's city rejuvenation plan. Don't miss this opportunity to capitalize on a high-potential, income-producing asset in the rapidly growing core of Downtown Welland. Buyer and buyers representatives to verify all measurements, uses, taxes, zoning, and future development requirements. Due your due diligence.
Location
Province ON
County Niagara
Community 768 - Welland Downtown
Area Niagara
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 114.4
Others
Security Features No
Listed by REVEL REALTY INC.
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