220-222 King Street Save Request In-Person Tour Request Virtual Tour
Welland,ON L3B 3J7
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,079 sqft
Price per Sqft $312
MLS Listing ID 40713626
Abv Grd Liv Area 4,079
Originating Board Mississauga
Annual Tax Amount $6,461
Property Sub-Type Mixed,Building and Land
Property Description
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 St.) These properties are part of the Welland Community Improvement Plan, offering potential benefits and incentives for redevelopment, rejuvenation, and investment. Both properties are zoned DMC (Downtown Mixed-Use Commercial), allowing for a wide range of expansion or redevelopment possibilities, with versatility, consistent income potential, and long-term value. Currently, the properties generate multiple revenue streams through fully tenanted commercial and residential spaces. The spacious ground-floor commercial retail units are ideal for storefront, office, cafe, financial or medical practice, or other professional services and benefit from prime exposure, high visibility, and heavy foot traffic - existing tenants willing to stay! The upper-level residential apartments provide additional rental income with strong tenant demand. Located just steps from the Welland Canal, the Merritt Park Amphitheatre and floating stage which hosts events and festivals attracting visitors and locals throughout the year. Luxury waterfront condominiums are already launching their projects nearby as this area is poised for significant growth. A vibrant, pedestrian-friendly district undergoing major revitalization efforts aimed at rejuvenating the King Street corridor. Capitalize now on this high-potential investment!
Location
Province ON
County Niagara
Area Welland
Zoning DMC
Direction Property is situated South of Division Street on the East side of King Street. - Street parking available on King St. and State St.
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 33.0
Lot Depth 114.4
Garage No
Building
Lot Description Business Centre,City Lot,High Traffic Area,Rail Access,Visual Exposure,Other
Faces Property is situated South of Division Street on the East side of King Street. - Street parking available on King St. and State St.
Story 2
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Stucco
New Construction No
Others
Senior Community No
Tax ID 641080047
Ownership Freehold/None
Virtual Tour https://hometours.blackhausvisuals.com/222_226_king_st?branding=false