$2,200,000
Available - For Sale
Listing ID: N13774818
265 King Street North , New Tecumseth, L9R 1N3, Simcoe
| LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants. Additional financial and property information is available upon request. |
| Price | $2,200,000 |
| Taxes: | $8900.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 265 King Street North , New Tecumseth, L9R 1N3, Simcoe |
| Postal Code: | L9R 1N3 |
| Province/State: | Simcoe |
| Legal Description: | PCL 142-1, SEC 51M413, BLK 142, PL 51M41 |
| Directions/Cross Streets: | King & Essa |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Use: | Retail Store Related |
| Building Percentage: | T |
| Total Area: | 4000.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft Divisible |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Sprinklers: | Part |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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Farnaz Masoumi
Broker
Dir:
647-923-4343
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Simcoe |
| Municipality: | New Tecumseth |
| Neighbourhood: | Alliston |
| Tax: | $8,900 |
| Fireplace: | N |
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