Mike Burman, North Bay real estate: Commercial Property Listings

Listing Details

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209 KING STREET - MLS® # X12095105

Property Details

List Price

1499900

Living Area

11,592 sqft.

Bedrooms

N/A

Bathrooms

Lot Size Area

66 x 264 FT

Taxes

N/A

Type

Retail

Style

N/A

Basement

Year Built

N/A

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. (id:2469)

Amenities

Highway

Listing Provided By

RE/MAX CROWN REALTY (1989) INC

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