$1,799,000
FOR SALE

Commercial/Retail

Total Area: 1,608 ft2
2023 Taxes: $10,000

233 King St #4
Niagara-On-The-Lake, ON L0S 1J0 | Niagara

RARE OPPORTUNITY! Commercial investors dream in the historic old town Niagara-on-the-lake, with only one single AAA tenant, the current owner intends to stay multiple terms. Seller Lease back. 5% CAP RATE WITH TRIPLE NET LEASE (Tenant pays $90,000 annual base rent, plus property taxes, plus common element fee, plus utilities) This beautiful retail space sits on the main street of Niagara-on-the-lake and is surrounded by many busy / successful businesses. $350,000 in leasehold improvements. Great ROI with a very stable long-term tenant, in an area with substantial growth potential.
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Listed By RE/MAX PROFESSIONALS INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8116742
Last Updated Mar 18, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Category Commercial Condo
PIN 469160003
Legal Description UNIT 4, LEVEL 1, NIAGARA NORTH STANDARD CONDO...
Occupancy Tenant
Possession Date Immediate
Taxes (2023) $10,000
Tax Type Annual
Directions/Cross Streets Queen Street / King Street
Area Niagara
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding N
Retail Area 100 percent
Total Area 1,608 ft2
Air Conditioning Y
Garage Type None
Heat Type Gas Forced Air Open
Sprinklers Y
Utilities Y
Water Municipal
Zoning C1
Seller Property Info Statement N

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