Overview

Property ID: 40509522
  • Building and Land, Retail
  • Property Type
  • 0
  • Bedroom

Description

This commercial/retail building draws a large traffic flow from all the major roads surrounding it. High-traffic and high-exposure are huge benefits of this location. Currently leased out with good terms and tenants wanting to stay, but leases can be bought out buy seller if an owner-occupier wishes to use the space for themselves. Gross rents are $4700 per month for the two spaces, or $56,400 per year, tenants pay all expenses – triple net lease. 7% CAP rate investment for the investor buyer! Lots of parking, easy access, and great condition make this an amazing investment property. VTB options available. 1870 sq ft on main level and 1300 sq ft in the basement.

  • Address Algonquin
  • City North Bay
  • State/county Nipissing
  • Zip/Postal Code P1B 4Y9

Details

Updated on January 25, 2024 at 6:01 pm
  • Property ID: 40509522
  • Price: $799,900
  • Bedroom: 0
  • Property Type: Building and Land, Retail
  • Property Status: Commercial Sale

Additional details

  • PhotosCount: 2
  • SecurityFeatures: Alarm System
  • ITSO_HeatingExpenses: 0
  • ITSO_RetailArea: 1873
  • ITSO_NumberOfBachelorUnits: 0
  • ITSO_CoListAgent2Designation: Salesperson
  • ITSO_SurveyType: None
  • ListingKeyNumeric: 145093645
  • MajorChangeType: Back On Market
  • MLSAreaMajor: North Bay
  • TaxAnnualAmount: 16590
  • ITSO_NumberOfStudioUnits: 0
  • OriginatingSystemName: Waterloo Region
  • MlsStatus: Active
  • StreetNumber: 1720
  • ListingKey: 196eb14330bf663a9f23efe2fe048d2d
  • ITSO_NumberOfEfficiencyUnits: 0
  • ITSO_NumberOfRetailUnits: 2
  • ITSO_StreetViewParam: 1$46.330585$-79.46614999999997$152.07$13.33$1.00$PFn6CUhFSurKfy84pVUUYQ
  • Directions: ALGONQUIN AVE
  • ITSO_NumberOfOtherUnits: 0
  • InternetAddressDisplayYN: 1
  • LotSizeSource: GeoWarehouse
  • WaterSource: Other
  • StoriesTotal: 1
  • ITSO_SurveyYear: 1971
  • ParkingFeatures: Asphalt
  • ITSO_UtilitiesExpense: 0
  • ITSO_GarageSpacesDescription: ground
  • ITSO_AcresRange: < 0.5
  • ITSO_SqftMinimumDivisible: 0
  • BuildingAreaUnits: Square Feet
  • InternetEntireListingDisplayYN: 1
  • InternetAutomatedValuationDisplayYN: 1
  • ITSO_NumberOfLoftUnits: 0
  • ITSO_NumberOfPenthouseUnits: 0
  • InternetConsumerCommentYN: 1
  • BuildingAreaTotal: 1870
  • CoListAgentDesignation: Salesperson
  • InsuranceExpense: 0
  • ITSO_KitchensTotal: 0
  • ITSO_CoListAgent3Designation: Salesperson
  • ITSO_CommercialDoorsCount: 0
  • MajorChangeTimestamp: 2024-01-04T15:49:08.737Z
  • ITSO_NumberOfApartmentUnits: 0
  • ITSO_SqftMaximumContiguous: 0
  • ITSO_TransactionType: Sale
  • ListingContractDate: 2023-11-05
  • MLSAreaMinor: Widdifield
  • FarmLandAreaUnits: Square Feet
  • Zoning: C4
  • ITSO_StatusContractualSearchDate: 2023-11-05
  • Basement: Partial
  • PhotosChangeTimestamp: 2024-01-04T15:51:03.043Z
  • ElectricExpense: 0
  • AssociationFee2Frequency: Monthly
  • StateOrProvince: ON
  • AboveGradeFinishedAreaUnits: Square Feet
  • FrontageLength: 59.94
  • BridgeModificationTimestamp: 2024-01-04T15:51:03.056Z
  • FrontageType: East
  • ParcelNumber: 491570021
  • ITSO_LotDepth: 91.05
  • FoundationDetails: Poured Concrete
  • ITSO_CurrentPrice: 799900
  • StreetSuffix: Avenue
  • LotSizeDimensions: 91.05 x 59.94
  • ModificationTimestamp: 2024-01-04T15:49:08.737Z
  • ITSO_CommonInterest: Freehold/None
  • BelowGradeFinishedAreaUnits: Square Feet
  • LotSizeArea: 5457
  • Sewer: Sewer (Municipal)
  • ITSO_NetIncome: 56400
  • Utilities: Electricity Connected,Garbage/Sanitary Collection,Natural Gas Connected,Street Lights,Phone Connected
  • ITSO_UFFI: No
  • LotFeatures: Airport,High Traffic Area,Highway Access,Hospital,Public Transit
  • NumberOfUnitsTotal: 0
  • OpenParkingSpaces: 7
  • FeedTypes: IDX

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