04-233 King Street, Niagara on the Lake | Image 1

04-233 King Street

Niagara on the Lake

  • Commercial

$1,799,000
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: C1

  • Age: No Data

  • Taxes: 10000

  • MLS®#: X8116742

  • Days on Site: 32 Days

  • Added: Mar 05, 2024 (1 month ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: RE/MAX PROFESSIONALS INC.

RARE OPPORTUNITY! Commercial investors dream in the historic old town Niagara-on-the-lake, with only one single AAA tenant, the current owner intends to stay multiple terms. Seller Lease back. 5% CAP RATE WITH TRIPLE NET LEASE (Tenant pays $90,000 annual base rent, plus property taxes, plus common element fee, plus utilities) This beautiful retail space sits on the main street of Niagara-on-the-lake and is surrounded by many busy / successful businesses. $350,000 in leasehold improvements. Great ROI with a very stable long-term tenant, in an area with substantial growth potential.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Commercial Condo

  • Area: Niagara on the Lake

  • Availability Date: Immediate

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Open

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: UNIT 4, LEVEL 1, NIAGARA NORTH STANDARD CONDO...

  • Taxes: $10,000

  • Taxes Type: Annual

Land

  • Cross Street: Queen Street / King

  • Municipality District: Niagara-on-the-Lake

  • Parcel Number: 469160003

  • Zoning: C1

Commercial Specific

  • Retail Area: 100

  • Retail Area Metric: %

  • Sprinklers: Y

  • Total Area: 1608

  • Total Area Metric: Sq Ft

Map of 04-233 King Street, Niagara on the Lake
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