147 Main Street, Morrisburg, Ontario K0C 1X0 (22731892)


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147 Main Street Morrisburg, Ontario K0C 1X0

$749,900

5 Unit strip mall , located in the commercial zone of the Morrisburg Mall hub. High Visibility with direct client parking , with strong foot traffic & County rd. 2 sign/building visibility. Currently 3 units leased with 2 units available . Units have sign options facing west and north. Opportunity to purchase a commercial building for your investment portfolio with a strong capitalization rate. Mall has always been full however recent Covid issues have impacted tenancy , with vaccine on the way , this property will emerge as a great upside investment. Cap rate is 6.1% when full tough to find in this market any more .Viewings m-f between 4;30-8 pm and weekends 9-5 so as not to disturb great tenants . non-disclosure required for financials. Unit sizes (sq. Ft.) are 1A-680,1B-1400,2- 1170, 3-1025, 4-420. Income listed is potential, Mls # 1223195, is available for lease making this a perfect opportunity for an end user to set up location and have mall tenants pay /defer your costs. (id:29904)

Property Details

MLS® Number 1223329
Property Type Retail
Neigbourhood MORRISBURG
Parking Space Total 15

Building

Fireplace Present No

Land

Acreage No
Size Depth 152 Ft ,7 In
Size Frontage 102 Ft
Size Irregular 102 Ft X 152.57 Ft
Size Total Text 102 Ft X 152.57 Ft
Zoning Description Commercial

https://www.realtor.ca/real-estate/22731892/147-main-street-morrisburg-morrisburg

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