Address: 100 Whitehaven Rd, Grand Island, NY 14072, USA
Created date: February 16, 2024
Date last updated: September 3, 2024
- Zoned for both Hospitality & Multi-Family
- Exceptional investment potential with adaptive reuse opportunity: Renovate to hotel, multifamily or utilize building footprint and land for a redesign that combines both
- 10 total acres includes priceless ¼ mile waterfront on the Niagara River
- Strategic location: Minutes from Niagara Falls, Downtown Buffalo, Toronto and multiple universities
- Prime location next to River Oaks Golf Club & Marina
- Unmatched views: Subject land offers breathtaking, unobstructed views of the water, enhancing property value and marketability
- Flexible development options: Strategize multiple solutions to manage investment risks and maximize returns over time
Property Description
NewGen Advisory has been retained as the exclusive agent to the Owner and is pleased to offer for sale the Grand Island Hotel (the “Hotel” or “Property”) currently an independent asset. The Property has a prime location with over 10 acres of valuable land of which a quarter mile is waterfront on the Niagara River. This asset presents an outstanding opportunity to capitalize on an exceptional acquisition which includes city incentives, proximity to Niagara Falls, marina and boating access for water enthusiasts and an overall lifestyle destination valuable to hospitality and residential consumers alike. The 263 room building may be retained as a hotel, convert to multi-family or renovated for mixed hospitality and residential use given its adaptable footprint.
A one-of-a-kind investment opportunity, the Grand Island property provides the possibility to blend luxury living with hospitality excellence. Zoned and entitled for multi-family this unique development offers a visionary fusion of sophisticated residential spaces that include the option to maintain a hotel space. Given the extensive unparalleled waterfront land coupled with the approved zoning – the upside value and options to design this real estate to specifically capitalize on the surrounding lifestyle and community strengths will result in an exceptional gateway for a commercial real estate investor.