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800 Sq FtStore W/Apt/Office for Sale

52 Sykes St S, Meaford N4L 1E3
13 people are viewing this property right now!

$399,000

Cash Rebate: $1,496.25




Description

Very Motivated Seller offers the best Price!! Corner commercial property for sale at the substance of the town adjacent to Blue Mountain that is eligible for redevelopment in the future on Hwy 26. Currently, the first floor is a variety store, and the second floor consists of a three-bedroom apartment. The variety store can be leased for retail space for different purposes,and the second-floor apartment can also be leased or occupied by the owner. This property is ideal for investors or developers who are looking for long-term rental income or Re-development.The second-floor apartment has a separate entrance. The business value is not included in the sale, and only the property value is being sold. A minimum monthly net rental income of over $3,000+ is expected for the 1st and 2nd floors. Don't miss out on the excellent opportunity to achieve a high Cap Rate with the current situation. The current variety store, which is operated by the owner, is scheduled to close after the sale.

Broker: HOMELIFE LANDMARK REALTY INC.


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52 Sykes St S, Meaford N4L 1E3

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