$ 1,800,000
209 KING Street Sturgeon Falls, ON P2B1R8
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$ 1,800,000
Est. payment | /mo
11,592 SqFt
$ 1,800,000
Est. payment | /mo
11,592 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 11,592 sqft
Price per Sqft $155
Subdivision Sturgeon Falls/Cache Bay/Crystal Falls
MLS® Listing ID 40654405
Originating Board North Bay and Area REALTORS® Association
Lot Size 0.407 Acres
Acres 17728.92
Property Description
Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. Projected Gross Revenue $222,785. With a potential cap rate of 8.5%. Seller currently in the process of transitioning to long term rentals, current market rents to be applied. (id:24570)
Location
Province ON
Exterior
Garage No
Community Features High Traffic Area
Waterfront No
View Y/N No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX CROWN REALTY (1989) INC