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$6,000,000
Available - For Sale
Listing ID: X11543391
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: $72,639.1
Tax Type: Annual
Assessment: $2224000
Assessment Year: 2024
Occupancy by: 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.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 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
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REVEL Realty Inc., Brokerage

7104 Lundys Lane , Niagara Falls, L2G 1W2, Niagara


 
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At a Glance:
Type: Com - Sale Of Business
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 216 - Dorchester
Style:
Lot Size: 206.19 x 541.08(Feet)
Approximate Age:
Tax: $72,639.1
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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