Added 4 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Hospitality/Food Related
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Zoning: Commercial Mixed
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Age: No Data
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Taxes: 10000
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MLS®#: X9229472
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Days on Site: 2 Days
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Added: Jul 26, 2024 (4 months ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: NU-VISTA PREMIERE REALTY INC.
Prime Downtown Palmerston Commercial Property For Sale A Versatile Investment Opportunity!Description: An exceptional investment opportunity awaits in the heart of downtown Palmerston! This versatile commercial property boasts a strategic location and diverse income streams, making it a standout choice for savvy investors. The property includes three established restaurants, a laundromat, and multiple residential units designed to maximize profitability and cater to a wide range of tenants. Property Highlights: Three Restaurants: Well-established dining options with loyal customer bases, providing steady income and excellent growth potential. Laundromat: a conveniently located facility catering to residents and businesses, ensuring consistent revenue. Residential Units: Two 3-Bedroom Apartments: Spacious and well-maintained, perfect for families or professionals. Five 2-Bedroom Apartments: Ideal for couples, small families, or individuals seeking comfortable living in a prime location. Key Features: Prime Location: Situated in the bustling downtown area of Palmerston, ensuring high visibility and foot traffic. Substantial Rental Income: Multiple income streams from commercial and residential tenants. Turnkey Investment: Fully equipped and operational businesses with established customer bases. Parking: Ample parking is available for restaurant patrons, laundromat users, and apartment residents. Why Invest Here? Diversified Revenue Streams: Benefit from stable and diverse income sources across commercial and residential units. Growth Potential: Opportunity to further enhance profitability through targeted marketing, menu expansion, and property upgrades. Community Hub: Located in a vibrant downtown area, Seize this chance to acquire a prime commercial property in downtown Palmerston designed to deliver robust returns and long-term value. Whether you're an experienced investor or new to the market, this property offers unmatched potential and opportunity.
Property
Status: Sale
Type: Hospitality/Food Related
Property Type: Commercial/Retail
Property Type: Multi-Use
Area: Minto
Community: Palmerston
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Heat Type: Elec Forced Air
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Fees
Tax Year: 2023
Taxes: $10,000
Taxes Type: Annual
Land
Cross Street: Main/William
Municipality District: Minto
Lot Depth: 70.75 Feet
Lot Frontage: 66.13 Feet
Zoning: Commercial Mixed
Commercial Specific
Retail Area: 5000
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 10000
Total Area Metric: Sq Ft
Lot Code: Building
Building Percent: 100
North Perth Elementary School
Elementary: PublicSt Mary's Separate School
Elementary: CatholicListowel Eastdale Public School
Elementary: PublicMinto-Clifford Central Public School
Elementary: PublicVictoria Cross Public School
Elementary: PublicPalmerston Public School
Elementary: PublicWalkerton District Community School
Secondary: PublicWellington Heights Secondary School
Secondary: PublicNorwell District Secondary School
Secondary: PublicJohn Diefenbaker Senior School
Secondary: PublicListowel District Secondary School
Secondary: PublicElmira District Secondary School
Secondary: Public