29
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$875,000
Est. payment /mo
4,079 SqFt
New
220-222 King ST Welland, ON L3B 3J7
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,079 sqft
Price per Sqft $214
Subdivision 768 - Welland Downtown
MLS Listing ID X12049242
Building Age 51-99
Annual Tax Amount $6,048
Tax Year 2024
Property Sub-Type Commercial Retail
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, café, 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 on this high-potential investment in the rapidly growing Downtown core of Welland! See Floor Plans and Attachments for additional information. Buyers verify measurements and all requirements.
Location
Province ON
County Niagara
Community 768 - Welland Downtown
Area Niagara
Interior
Cooling Yes
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 114.4
Others
Security Features No
Virtual Tour https://hometours.blackhausvisuals.com/222_226_king_st?branding=false
Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY