209 KING Street, Nipissing | Image 1

209 KING Street

Nipissing

  • Commercial

$X,XXX,XXX
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Zoning: C1

  • Age: No Data

  • Taxes: 16500

  • MLS®#: X10708664

  • Days on Site: 75 Days

  • Added: Sep 27, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: RE/MAX CROWN REALTY (1989) INC

Investment Opportunity 209 King St in Sturgeon Falls. This turn-key, well maintained mixed use property features 6 residential apartments and 3 commercial units. 11,500 Total Sqft, parking for 20 cars, located in the commercial hub of the city. 5 of 6 apartments are vacant on closing, new owner can set their rates and choose tenants. Previously operated as an AIRBNB, all furnishings included in this offering. Strong commercial tenant base Pet Valu, 2/4/1 Pizza and La Vie En Couleur. Leases in place, available to qualified buyers. 2 car garage currently owner occupied can be used for additional income. Projected Gross Revenue $222,785. With a potential cap rate of 8.5%. Seller currently in the process of transitioning to long term rentals, current market rents to be applied.

Property

  • Status: Sale

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Availability Date: Flexible

  • Assessment Amount: $554,000

  • Assessment Year: 2021

Building

  • Basement: Y

  • UFFI: No

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 11 W/S KING ST, 11 E/S HOLDITCH ST PL 11 SPRINGER; WEST NIPIS

  • Taxes: $16,500

  • Insurance Fee: 13978

  • Hydro Expense: 6673

  • Heat Expenses: 4841

  • Other Expenses: 1598

Land

  • Cross Street: HWY 17W to Sturgeon

  • Parcel Number: 490790604

  • Sewer: Sewers

  • Lot Depth: 264 Acres

  • Lot Frontage: 66 Acres

  • Zoning: C1

Commercial Specific

  • Total Area: 11592

  • Total Area Metric: Sq Ft

Map of 209 KING Street, Nipissing
JK-8

Trent River Public School

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North Trenton Public School

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St Paul Catholic Elementary School

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St Peter Catholic School

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Prince Charles Public School

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St Mary Catholic School

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Sir James Whitney School for the Deaf

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École secondaire publique Marc-Garneau

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St Paul Catholic Secondary School

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Bayside Secondary School

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