99 1st S ave - Retail FOR SALE


Chesley, ON N0G 1L0
$319,999 CAD
99 1st S ave, Chesley, ON for Sale
$319,999 CAD
Retail - FOR SALE
1/15
null | 12.5% Cap Rate

99 1st S ave
Chesley, ON N0G 1L0


HIGHLIGHTS

  • Main Floor Restaurant w/ Equipment
  • Two apartments currently occupied
  • Main street exposure

OVERVIEW

INVESTOR OPPORTUNITY! A fantastic opportunity if you are looking to invest in a commercial property in Downtown Chesley! This Historic brick building has both commercial & residential spaces with multiple options. Enjoy the benefits with three steady revenue streams!! The main floor is equipped with a full service Restaurant space, recently renovated with new flooring, signage and seating area with dining counter, Hot Table and cold display case. Fully equipped with a walk-in cooler, fire suppression system, gas stove, double ovens, freezer, and prep area. Office, Basement storage space and convenient back access for deliveries. Electric Furnace Forced air, 200 amp service. Two occupied apartments upstairs with steady stream of rental income. One 2 bedroom and one 1 bedroom, each with their own laundry. Baseboard Heating, separate hydro meters and Hot water tanks upgraded in 2019. Water billed separately and currently paid by the landlord. Chesley is a busy town with plenty of opportunities, and just a short drive from west GTA, north Owen Sound, surrounding towns and Lake Huron. This property provides a great balance of commercial potential and residential income, all in a welcoming community near major employment opportunities. High cap rate of just under 10% with all three spaces leased. All equipment/appliances as is. Pictures show restaurant space prior to renovations which have new flooring and dining space.

FOR SALE DETAILS

PRICE

$319,999 CAD

PRICE/SF

$99 CAD /SF

CAP RATE

12.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

CUSTOM-4248575,CUSTOM-4302428

ASK ABOUT THIS PROPERTY

Laura BoydenColdwell Banker The Real Estate CentreMore Info

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Laura BoydenColdwell Banker The Real Estate CentreMore Info

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