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$799,000
Available - For Sale
Listing ID: X12303135
Fantastic investment opportunity on the highly visible and bustling Sunset Strip (Highway 21), just outside Owen Sound. This well-maintained commercial building offers exceptional exposure, ample on-site parking, and over 3,500 square feet of space. The main floor features a large reception area, 10 individual usable rooms plus a laundry room, storage room and a 2-piece bathroom. This C4 zoned commercial space offers flexibility for a variety of commercial or professional uses. The upstairs has a 3-bedroom, 1.5-bath apartment which is included in the current lease. The property currently has an excellent long-term commercial tenant. The tenant has the option to rent for the next 16 years. It has an excellent triple net lease, so the taxes, bills, general repairs, and insurance are covered by the tenant. The 6.5 cap rate makes it an ideal property for all investors. If you are looking to expand your commercial portfolio this property checks all the boxes.
Price $799,000
Taxes: $5,380.06
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 202421 Highway 21 N/A North , Georgian Bluffs, N4K 5N7, Grey County
Postal Code: N4K 5N7
Province/State: Grey County
Legal Description: PT LT 26-27 PL 535 DERBY AS IN R533831;
Directions/Cross Streets: On Highway 21, just west of the Owen Sound city limits
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
Category: Highway Commercial
Use: Service Related
Building Percentage: T
Total Area: 3,500
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Approximatly Age: 51-99
Maintenance: 0
Expenses Actual/Estimated: $Est
Sprinklers: No
Outside Storage: T
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Septic
Water: Drilled W
Water Supply Types: Drilled Well
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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CMHC/GE $ $ $ $
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Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Ron Hopper Real Estate Ltd.

202421 Highway 21 N/A North , Georgian Bluffs, N4K 5N7, Grey County


 
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At a Glance:
Type: Com - Commercial Retail
Area: Grey County
Municipality: Georgian Bluffs
Neighbourhood: Georgian Bluffs
Style:
Lot Size: x 190.00(Feet)
Approximate Age: 51-99
Tax: $5,380.06
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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