Attention Investors!! Fully rented commercial building that is in a great state of repair. Over 22,000 square feet of space and 6 existing Tenants. Property zoned M1 - retail, allowing for warehousing, retail space and many more options. Present Tenants vary from retail warehousing, appliance repair and office workers. The large portion of the flat roof had new tar and gravel applied in Dec 2023, the other flat section approx 8-10 years old is a membrane flat roof, main roof shingles were replaced in 2018. Buildings sit on over 1 acre property allowing plenty of parking spaced for the Tenants. The return on investment is 8% now and growing every year. Property is for sale due to the owner's health. (id:47423)
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Detailed Information
Lot
330.25 x 0 ft
Farm Type
Other
Listing Contract Date
2024-08-26
Location Description
From Walkerton's main street, turn North onto Colborne Street. Follow to destination ahead on your right, North East corner of Colborne and Catherine street
Property Type
Business
Transaction Type
For sale
Zoning Description
M1-Retail-EP
Building
Exterior Finish
Brick
Foundation Type
Slab
Utility Water
Municipal water
Land
Total Size
Unit=330.32 FT ; triangle shaped lot
Access Type
Year-round access
Sewer
Sanitary sewer
Size of Irregular Land
Unit=330.32 FT ; triangle shaped lot
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