12 Jarvis Street Fort Erie, Ontario L2A 2T4

$3,500,000

Developers! Imagine... your building here... it might look something like this! With breathtaking river views, spectacular sunrises, and warm sunsets. The perfect location for the next high-rise condominium and retail. The downtown core of Fort Erie, Bridgeburg, is poised for its rebirth. Be a part of the excitement and join the growing number of businesses putting their money on Bridgeburg! From the Peace Bridge down the river to the International Railroad Bridge further north leading to Strawberry Island and further down, on a clear day you can see the rising plume of Niagara Falls. There are 4 properties included in this listing. 5 Dufferin St. is a vacant lot 90.23 ft x 128.92 ft = 11,625 sq. ft., 7 Dufferin St. is the location of McCooey Bicycle and Vacuum 67.67 ft x 128.91 ft. = 8,719 and 12-14 Jarvis St. is the location of 2 commercial rentals and 2 residential rentals 50.33 ft x 128.93 ft. = 6,469 sq. ft. for a total of 126,810 sq. ft. All the space needed for a signature condo/retail in the downtown core. See video for more insight. The value in these properties is in the zoning. Zoned C2A-420, it is one of only two locations in Fort Erie that allows for a 10 storey mixed use building, ideal for retail and condominiums. 7 Dufferin St., (5,500 sqft main building known as McCooeys Bicycle and Vacuum Shop, potential rent $3,000 with a small shop in the rear that rents for $350) 5 Dufferin St. (vacant lot) and 12-14 Jarvis St. (which consists of 2 store fronts: One rents for 900 plus hydro and the other rents for $800 plus hydro 1 large apartment that rents for $1,800 and one 2 bedroom house that rents for $532. Total: 28,729 sq. ft. for $6,850 monthly. These commercial properties front on three streets, Jarvis St, Dufferin St. and Klauck St. Currently the Town is investing millions of dollars redesigning the main street from the Niagara Parkway to Central Ave. The ideal development property waiting for your signature design. (id:38042)

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