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$1,799,000
Available - For Sale
Listing ID: X8116742
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. 5% 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.
Price $1,799,000
Taxes: $10,000
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
Zoning: C1
Category: Commercial Condo
Building Percentage: N
Total Area: 1,608
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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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
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CMHC/GE $ $ $ $
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX PROFESSIONALS INC.

233 King St , Unit 4, Niagara-on-the-Lake, L0S 1J0, Ontario


 
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Type: Com - Commercial/Retail
Area: Niagara
Municipality: Niagara-on-the-Lake
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