209 King Street Active Save Request In-Person Tour Request Virtual Tour
Sturgeon Falls,ON P2B 1R8
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 11,592 sqft
Price per Sqft $155
MLS Listing ID 40654405
Abv Grd Liv Area 11,592
Originating Board North Bay
Annual Tax Amount $16,500
Lot Size 0.407 Acres
Acres 0.407
Property Description
Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. Projected Gross Revenue $222,785. With a potential cap rate of 8.5%. Seller currently in the process of transitioning to long term rentals, current market rents to be applied.
Location
Province ON
County Nipissing
Area West Nipissing
Zoning C1
Direction HWY 17W to Sturgeon Falls, Right onto King Street
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Garage Public
Utilities Available Electricity Connected,Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup,Street Lights
Waterfront No
Street Surface Paved
Lot Frontage 66.0
Lot Depth 264.0
Parking Type Public
Garage No
Building
Lot Description Rectangular,City Lot,High Traffic Area,Schools,Visual Exposure
Faces HWY 17W to Sturgeon Falls, Right onto King Street
Story 3
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 490790604
Ownership Freehold/None