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209 King ST West Nipissing, ON P2B 3B1
9 Baths
11,592 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,592 sqft
Price per Sqft $129
Subdivision Sturgeon Falls
MLS Listing ID X12095105
Building Age 31-50
Annual Tax Amount $16,938
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
10% Cap Rate - 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. 5 vacant apartments, Projected Gross Revenue: $223,290, Expenses: $73,687 Net Operating Income: $149,602.70.
Location
Province ON
County Nipissing
Community Sturgeon Falls
Area Nipissing
Zoning C1
Interior
Cooling Partial
Inclusions Fridge (6), Stove(6), Washer + Dryer (2), Window A/C Units (6), Security System. All Furnishings in the Apartments.
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 66.0
Lot Depth 264.0
Others
Security Features No
Listed by RE/MAX CROWN REALTY (1989) INC