212 Main Street West, Minto | Image 1

212 Main Street West

Minto, Palmerston

  • Commercial

$4,100,000
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Hospitality/Food Related

  • Zoning: Commercial Mixed

  • Age: No Data

  • Taxes: 10000

  • MLS®#: X9229472

  • Days on Site: 2 Days

  • Added: Jul 26, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • 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

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