333-341 Merritt Street, St. Catharines, ON

$2,100,000

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About 333-341 Merritt Street

Extremely rare investment opportunity with up to 9 rental units, retail, residential, a long established appliance sale/repair business (1976) is included and further possible land development. The property currently includes 3 retail storefronts, one restaurant/bar with parking, 4 residential apartments, a fenced rear compound lot, further parking lot and an onsite detached house with private parking. This exclusive land assembly offering demonstrating pride of ownership, presents a rare opportunity to acquire a strategically assembled portfolio of up to 5 income-producing mixed-use properties stretching over 1 full block of street frontage free city street parking, 198 ft deep lot and a strong combination of commercial and residential revenue streams. Positioned within established and evolving markets on a thriving main arterial route servicing south St. Catharines. The portfolio offers immediate cash flow, long-term stability, and significant upside potential for both private and institutional investors. Buyer to do their own due diligence regarding the potential for a scaled townhouse build at the rear of the property on Walnut Lane. Parking potential or 15 or more vehicles updated furnace and roof, floor plans available.24 hrs notice for showings

Features of 333-341 Merritt Street

MLS® # X13484124
Price $2,100,000
Bathrooms 0.00
Type Commercial
Sub-Type Investment
Status Active

Community Information

Address 333-341 Merritt Street
Area Niagara
Subdivision 456 - Oakdale
City St. Catharines
Province ON
Postal Code L2T 1K5

Amenities

Parking Spaces 15
Garages None
Is Waterfront No

Interior

Heating Baseboard
Cooling Partial
Fireplace No

Listing Details

OfficeROYAL LEPAGE NRC REALTY

Listing Map

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