265 King Street N New Tecumseth, Ontario L9R 1N3

4,000 sqft
Fully Air Conditioned Forced Air

$2,200,000

LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants. Additional financial and property information is available upon request. (id:21328)

Business

Business Type Retail and Wholesale
Business Sub Type Retail misc.

Property Details

MLS® Number N13774818
Property Type Retail
Community Name Alliston

Building

Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 4,000 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Depth 151 Ft ,3 In
Size Frontage 155 Ft ,3 In
Size Irregular 155.26 X 151.32 Ft
Size Total Text 155.26 X 151.32 Ft
Zoning Description Commercial

https://www.realtor.ca/real-estate/30268640/265-king-street-n-new-tecumseth-alliston-alliston

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