551 Bay Street, Midland | Image 1

551 Bay Street

Midland, Midland

  • Commercial

$XXX,XXX
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: DC-F2

  • Age: No Data

  • Taxes: 6450.89

  • MLS®#: S9505885

  • Added: Oct 22, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: TEAM HAWKE REALTY

This is your chance to own a well established convenience store along with the building its housed in. All located in the heart of downtown Midland. Operating successfully for nearly three decades, this business has been meticulously maintained, offering a clean and organized space. Buyers can see exactly what they're getting, with no surprises. The building, constructed of durable concrete block and plaster, features a spacious, open floor plan, providing flexibility for various uses. With excellent frontage on Bay Street, you'll benefit from high visibility in a bustling area across from Midlands scenic harbourfront on Georgian Bay. The location at the base of downtown sees substantial foot traffic, enhanced by a beloved coffee shop and popular cannabis store across the street. Beyond the great location, the back areas of the building are a mentionable highlight, featuring an unobstructed floor plan and a 12' bay door for interior loading or parking. This versatile space opens up opportunities for additional business ventures or enhanced storage and operations. This is a turnkey opportunity in a thriving community with potential for the business to grow. NOTE: Business is currently listed for sale under the same address.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Midland

  • Community: Midland

  • Availability Date: Flexible

  • Assessment Amount: $252,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

  • Amps: 200

Parking

  • Garage Type: Lane

Fees

  • Tax Year: 2023

  • Taxes: $6,451

  • Expenses: Act

  • Hydro Expense: 5444

  • Heat Expenses: 6398

  • Taxes Type: Annual

  • Water Fees: 397

Land

  • Cross Street: King Street

  • Municipality District: Midland

  • Parcel Number: 584650058

  • Lot Depth: 107 Feet

  • Lot Frontage: 50 Feet

  • Zoning: DC-F2

Shipping Doors

  • Drive Height (ft): 12

Commercial Specific

  • Shipping Doors Drive In Level: 1

  • Retail Area: 4682

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 4682

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Lot Code: Building

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