12 Wallace Street Brockton, Ontario N0G 2V0

$995,000

Investment opportunity with this 12,000 sq.ft. commercial complex, strategically located on 0.7 acres with dual access from Highway 9 and Wallace St in Walkerton. This property, zoned Highway Commercial and with 36 parking spaces, offers a compelling mix of stable income and significant potential. The tenanted spaces spanning 6,300 sq.ft., are occupied by long-term, tenants in good standing, generating immediate and reliable cash flow. The current occupancy, at approximately 50% of the building's capacity, already yields a stable 6% CAP rate.The ground floor 2600sqft space is a blank canvas, delivered vacant upon possession, presenting a unique opportunity to dramatically increase the property's income and value. This area is perfectly suited for a variety of uses, including medical clinics, professional offices, or specialized retail. Additional vacancy is a cafe/restaurant space. The potential to lease this vacant space offers a clear path to significantly boosting the property's CAP rate and overall return on investment. (id:42776)

Property Details

MLS® Number	X12423365
Property Type	Retail
Community Name	Brockton
Parking Space Total	36

Building

Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	12,000 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	400 Ft
Size Frontage	30 Ft
Size Irregular	0.712
Size Total	0.712 Ac
Size Total Text	0.712 Ac
Zoning Description	C3

https://www.realtor.ca/real-estate/28905675/12-wallace-street-brockton-brockton