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$799,000
Est. payment /mo
3,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $228
Subdivision Georgian Bluffs
MLS Listing ID X12303135
Building Age 51-99
Annual Tax Amount $5,380
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
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.
Location
Province ON
County Grey County
Community Georgian Bluffs
Area Grey County
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available None
Lot Frontage 80.0
Lot Depth 190.0
Others
Security Features No
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Listed by Ron Hopper Real Estate Ltd.