264 Mackenzie Street, Greater Sudbury | Image 1

264 Mackenzie Street

Greater Sudbury, Sudbury

  • Commercial

$XXX,XXX
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Other

  • Zoning: Institutional

  • Age: 51-99 years

  • Taxes: 7108.57

  • MLS®#: X11823823

  • Days on Site: 38 Days

  • Added: Oct 25, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: REALTY EXECUTIVES OF SUDBURY LTD.

NET OPERATING INCOME $68,551 GENERATING A 9% CAP RATE. Not For Profit Child Care with a Government supported Tenant on a long-term lease. This property is located in the heart of downtown Sudbury. The Tenant at their own expense has installed an artificial grass surface and playground structures throughout the playground area at the projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners that were installed in 2020. The tenant is committed to this property as they also invested $300,000 in leasehold improvements when they moved in. This is a turnkey operation which is fully operational. The tenant, all through the pandemic was always able to meet their financial lease obligations and continue to do so.

Extras

**INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**

Property

  • Status: Sale

  • Type: Other

  • Property Type: Commercial/Retail

  • Property Type: Institutional

  • Age: 51-99

  • Area: Greater Sudbury

  • Community: Sudbury

  • Availability Date: Negotiable

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: Frt+Pub

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Single Detached

Fees

  • Tax Year: 2023

  • Tax Legal Description: LOT 278, PLAN 1 S C SUDBURY

  • Taxes: $7,109

  • Taxes Type: Annual

Land

  • Cross Street: Bloor

  • Municipality District: Greater Sudbury

  • Parcel Number: 021370012

  • Sewer: Sanitary

  • Lot Depth: 59.66 Feet

  • Lot Frontage: 121.99 Feet

  • Zoning: Institutional

Commercial Specific

  • Rail: N

  • Retail Area: 100

  • Retail Area Metric: %

  • Sprinklers: Y

  • Total Area: 7276

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Financial Statement: Y

Map of 264 Mackenzie Street, Greater Sudbury
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