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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$2,200,000
Available - For Sale
Listing ID: N13774818
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.
Price $2,200,000
Taxes: $8,900
Tax Type: Annual
Occupancy by: 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
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Retail
Use: Retail Store Related
Building Percentage: T
Total Area: 4,000
Total Area Code:  Square Feet
Retail Area Code: Sq Ft Divisible
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Sprinklers: Part
Rail: N
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REMAX YOUR COMMUNITY REALTY

265 King Street North , New Tecumseth, L9R 1N3, Simcoe

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Stan Khurana
Sales Representative
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6473836000
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905-883-1988

 
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Type: Com - Commercial Retail
Area: Simcoe
Municipality: New Tecumseth
Neighbourhood: Alliston
Style:
Lot Size: x 151.32(Feet)
Approximate Age:
Tax: $8,900
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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