256 EAST MAIN STREET, Welland (Welland Downtown)

$599,000

For sale: Other

Other at 256 EAST MAIN STREET, Welland (Welland Downtown)
Property type
Sale Of Business
MLS®
MLS® X12880692
Neighbourhood
768 - Welland Downtown

Own a Piece of Welland's Culinary Legacy: Volcano Pizzeria Business & Property for Sale. This is a unique opportunity to acquire Volcano Pizzeria, a highly successful and beloved institution in Welland, Ontario, along with its commercial property, which includes an income-generating rental apartment. For over 40 years, Volcano Pizzeria has been a community cornerstone, renowned for its exceptional homestyle pizza and a loyal customer base.Volcano Pizzeria is more than just a business; it's a well-established legacy. With four decades of operation, it boasts a strong brand presence and a reputation for delicious pizza. The sale includes: Proven Success,Time-Tested Recipes, Diverse Menu, Established Operations and all essential kitchen equipment, fixtures, and operational assets are included, allowing for a seamless transition.A new owner can infuse fresh energy, enhance marketing, and optimize operational efficiencies to further boost this already thriving business.This offering includes the valuable commercial real estate where Volcano Pizzeria operates, providing long-term appreciation potential and investment security. Key property highlights include Strategic Location, Growth Potential, Investment Security and an Income-Generating Rental Apartment. Adding significant value, the upper level of the property features a 3-bedroom, 1-bathroom rental apartment with a patio and an existing tenant. This unit provides an attractive and immediate income stream, enhancing the overall profitability of the acquisition. It also features a private deck and parking. Important Note: The neighbouring property has a right-of-way on the side alley.Do not approach business/seller directly or disrupt ongoing business. The apartment is tenanted and will not be available during preliminary/initial showings. Building and business is being sold 'as-is'.Important Note: The neighbouring property has a right-of-way on the side alley.

Sold data

Homes in Welland (Welland Downtown) — recent sold market

Homes in Welland (Welland Downtown) took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 59, across 182 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.

The median sale price was $539,950.

Homes sold for about 3.1% below asking on average, so there was room to negotiate.

About 5% of sales closed above the list price.

Around 35% of sellers reduced their price before finding a buyer.

Median days to sell
31
Median sale price
$539,950
Sale-to-list ratio
96.9%
Sold above asking
5%

Based on 182 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Welland (Welland Downtown)

Welland (Welland Downtown) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.

Rated schools
23
Elementary
18
Secondary
5
Average rating
6.5 / 10

Top-rated schools in Welland (Welland Downtown)

  • Plymouth — elementary, WellandFraser rating 10.0/10
  • Fitch Street — elementary, WellandFraser rating 8.1/10
  • Glendale — elementary, WellandFraser rating 8.1/10
  • Holy Name — elementary, WellandFraser rating 7.9/10
  • Quaker Road — elementary, WellandFraser rating 7.6/10
  • Diamond Trail — elementary, WellandFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 256 EAST MAIN STREET