202421 Highway 21 N Georgian Bluffs, Ontario N4K 5N7

$799,000

Fantastic investment opportunity on the highly visible and bustling Sunset Strip (Highway 21), just outside Owen Sound. This well-maintained commercial building offers exceptional exposure, ample on-site parking, and over 3,500 square feet of space. The main floor features a large reception area, 10 individual usable rooms plus a laundry room, storage room and a 2-piece bathroom. This C4 zoned commercial space offers flexibility for a variety of commercial or professional uses. The upstairs has a 3-bedroom, 1.5-bath apartment which is included in the current lease. The property currently has an excellent long-term commercial tenant. The tenant has the option to rent for the next 16 years. It has an excellent triple net lease, so the taxes, bills, general repairs, and insurance are covered by the tenant. The 6.5 cap rate makes it an ideal property for all investors. If you are looking to expand your commercial portfolio this property checks all the boxes. (id:42776)

Business

Business Type	Service
Business Sub Type	Miscellaneous services

Property Details

MLS® Number	X12303135
Property Type	Retail
Community Name	Georgian Bluffs
Amenities Near By	Highway
Parking Space Total	10

Building

Age	51 To 99 Years
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Other
Size Interior	3,500 Ft2
Utility Water	Drilled Well

Land

Acreage	No
Land Amenities	Highway
Sewer	Septic System
Size Depth	190 Ft
Size Frontage	80 Ft
Size Irregular	80 X 190 Ft
Size Total Text	80 X 190 Ft
Zoning Description	C4

https://www.realtor.ca/real-estate/28644392/202421-highway-21-n-georgian-bluffs-georgian-bluffs