$6,000,000
Available - For Sale
Listing ID: X11543391
7104 Lundys Lane , Niagara Falls, L2G 1W2, Niagara
| LOCATION, REPUTATION, LOCATION!!! This is one of the most reputable Motel and Dining establishment on Lundy's Lane in Niagara Falls. Only minutes away from one of the seven wonders of the world, casinos, shopping and the main entertainment strip. Niagara Falls is surrounded by the green belt and the conservation area is maintained by the Niagara parks commission. Millions of tourists visiting the area every year, enjoying the thunderous falls, the fireworks during holidays and the Christmas lights display in the winter. The property offered for sale has numerous revenue centers, giving the new owners many opportunities for a diverse income stream. The popular Breakfast/Lunch Restaurant, with about 150 seating capacity and high turnover per shift, has been serving the community for over 70 years. The 18 room, L-shaped, Motel building is stretched alongside the west boundary of the property, featuring en-suite bathrooms, A/C and 2 double beds. There are 21 individual cottages on the back of the property featuring en-suite bathrooms, 2 double beds and private parking, ideal for long-term rentals during conventions and local events. This property gives many opportunities to its new owners with many different revenue possibilities. |
| Price | $6,000,000 |
| Taxes: | $72639.10 |
| Tax Type: | Annual |
| Assessment: | $2224000 |
| Assessment Year: | 2024 |
| Occupancy: | Owner |
| Address: | 7104 Lundys Lane , Niagara Falls, L2G 1W2, Niagara |
| Postal Code: | L2G 1W2 |
| Province/State: | Niagara |
| Legal Description: | PT TWP LTS 141 & 148 STAMFORD BEING PTS |
| Lot Size: | 206.19 x 541.08 (Feet) |
| Directions/Cross Streets: | Southside of Lundys Lane,2 blocks west of Dorchester Rd. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | With Property |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | T |
| Total Area: | 2.23 |
| Total Area Code: | Acres |
| Retail Area: | 4512 |
| Retail Area Code: | Sq Ft |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 7:30am- |
| Employees #: | 34 |
| Seats: | 150 |
| LLBO: | Y |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| REVEL Realty Inc., Brokerage |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 216 - Dorchester |
| Lot Size: | 206.19 x 541.08(Feet) |
| Tax: | $72,639.1 |
| Fireplace: | N |
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