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$ 1,950,000
Est. payment | /mo
13,125 SqFt
$ 1,950,000
Est. payment | /mo
13,125 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 13,125 sqft
Price per Sqft $148
Subdivision Simcoe
MLS Listing ID X14082996
Annual Tax Amount $48,107
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
HUGE INVESTMENT OPPORTUNITY - FULLY LEASED COMMERCIAL PLAZA in the Heart of the Simcoe's downtown core! Position yourself for success with this outstanding investment opportunity. 6% cap rate. This 13,125 sq. ft. commercial plaza is fully leased with 8 UNITS, providing an established rental income in a prime, highly visible area surrounded by professional offices, banks, and Simcoe's park system. This location offers high foot traffic and excellent street exposure with easy accessibility. Free public parking is conveniently located on the next block and street parking is available on both sides of Argyle St. As you can see this building has been meticulously maintained. Recent expenditures and updates have included all new cement sidewalks, steps and railings - 2026. Rooftop HVAC units - 2021 & 2024, and a roof in 2018. The work has been done! This property provides an excellent opportunity for investors seeking a commercial property in a central business location with an established occupancy to provide them with a fluid income flow for years to come.
Location
Province ON
County Norfolk
Area Norfolk
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 165.5
Lot Depth 103.27
Others
Security Features No
ParcelsYN No
Listed by COLDWELL BANKER MOMENTUM REALTY, BROKERAGE
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