For sale · Alliston, New Tecumseth
265 King Street, New Tecumseth
$2,200,000
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- Property type
- Retail
- Approx. size
- 4000 sq ft
- Postal code
- L9R1N3
- MLS® number
- N13774818
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About this property
LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants. (id:66289)
Schools & boundaries
Property details
- Neighbourhood
- Alliston
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Lot size
- 155.26 x 151.32 FT
- Frontage
- 155.3 feet
- Water
- Municipal water
- Zoning
- Commercial
- Annual taxes
- $8,900
- Cross streets
- King & Essa
Listing courtesy of REMAX YOUR COMMUNITY REALTY. The listing data displayed on this site is provided under copyright by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®). Information is deemed reliable but is not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.