$2,000,000 FOR SALE

Office

Lot: 131 x 171 ft

25 Main Street E
Norwich, ON N0J 1P0

Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years. (id:47423)

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Listed By Re/Max a-b Realty Ltd Brokerage
Data Provided By Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
MLS® Listing Number 40567108
Last Updated Jun 18, 2024
Property Summary
Property Type Office

More like this:
Subdivision Norwich Town
Price History
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Detailed Information
Lot 131 x 171 ft
Communication Type High Speed Internet
Features Elevator, Paved driveway, Passenger elevator
Listing Contract Date 2024-04-08
Location Description From 401, south on Highway 59, east on Main Street in Norwich, north side of road.
Ownership Type Freehold
# of Parking Spaces 10
Property Type Office
Transaction Type For sale
Zoning Description I-2
Building
Basement Type Full
Exterior Finish Brick
Fire Protection Alarm system
Foundation Type Poured Concrete
Stories Total 2
Size (Exterior) 10276
Utility Water Municipal water
Parking Spaces
Name Spaces
Attached Garage
Utilities
Type Description
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size 0.519 acres
Access Type Road access, Highway access
Sewer Municipal sewage system
Size of Irregular Land 0.519

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