505 Hwy 7 E - Storefront CONDO FOR SALE


Markham, ON L3T 7T1
$588,688 CAD
905-883-1988
505 Hwy 7 E, Markham, ON for Sale
$588,688 CAD
Storefront CONDO - FOR SALE
1/8
null | Request Cap Rate

505 Hwy 7 E
Markham, ON L3T 7T1


OVERVIEW

Level up your portfolio with this rare retail unit at the iconic Commerce Gate Plaza! Benefit from steady rental income from a long-term tenant operating a thriving bubble tea business. The unit faces the parking lot, offering plenty of foot traffic, and includes a washroom facility. With high-density residential and business surroundings, plus easy access to Highways 404 and 407, Commerce Gate is a popular destination for foodies! AAA Tenant Pays Rent + TMI + All Utilities. Minimal Management Required. Lease Terms to Be Negotiated Upon Conditional Offer, Tenant to pay $80 per sq ft.

FOR SALE DETAILS

PRICE

$588,688 CAD

PRICE/SF

$1,617 CAD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

C & D

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

26,973 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

210

LAND DETAILS

LAND ACRES

5.25 AC

LAND SF

228,744 SF

ZONING

BC

APN/PARCEL ID

193602011249153,193602011249154,193602011249171,193602011249172,193602011249228

ASK ABOUT THIS PROPERTY

Rachel MokCentury 21 Atria Realty Inc BrokerageMore Info
905-883-1988

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Rachel MokCentury 21 Atria Realty Inc BrokerageMore Info
905-883-1988

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.