Edin Taravati
Sales Representative
Homelife Landmark Realty Inc, Brokerage
Independently owned and operated.
7240 Woodbine, Markham, Ontario L3R 1A4
Cell: 647-233-7778Office: 905-305-1600
$1,499,000
Available - For Sale
Listing ID: X8483988
233 King St , Unit 4, Niagara-on-the-Lake, L0S 1J0, Ontario
| RARE OPPORTUNITY! Commercial investors dream in the historic old town Niagara-on-the-lake, with only one single AAA tenant, the current owner intends to stay multiple terms. Seller Lease back. 6% CAP RATE WITH TRIPLE NET LEASE (Tenant pays $90,000 annual base rent, plus property taxes, plus common element fee, plus utilities) This beautiful retail space sits on the main street of Niagara-on-the-lake and is surrounded by many busy / successful businesses. $350,000 in leasehold improvements. Great ROI with a very stable long-term tenant, in an area with substantial growth potential. Seller lease back situation. The owner is the tenant. |
| Price | $1,499,000 |
| Taxes: | $1000.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 233 King St , Unit 4, Niagara-on-the-Lake, L0S 1J0, Ontario |
| Apt/Unit: | 4 |
| Postal Code: | L0S 1J0 |
| Province/State: | Ontario |
| Legal Description: | UNIT 4, LEVEL 1, NIAGARA NORTH STANDARD |
| Directions/Cross Streets: | Queen Street / King Street |
| Category: | Commercial Condo |
| Building Percentage: | N |
| Total Area: | 1608.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 100 |
| Retail Area Code: | % |
| Sprinklers: | Y |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| RE/MAX PROFESSIONALS INC. |
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Edin Taravati
Sales Representative
Dir:
647-233-7778
Bus:
905-305-1600
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Niagara |
| Municipality: | Niagara-on-the-Lake |
| Tax: | $1,000 |
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