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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Listed By
COLDWELL BANKER PETER BENNINGER REALTY Brokerage (Walkerton)
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Detailed Information
Lot
330 x 0 ft
Communication Type
Fiber
Community Features
High Traffic Area
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
Ownership Type
Freehold
Property Type
Office
Transaction Type
For sale
Zoning Description
M1-Retail-EP
Building
Basement Type
None
Exterior Finish
Brick
Fire Protection
Security system
Stories Total
1
Size (Exterior)
22334
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
1/2 - 1.99 acres
Sewer
Municipal sewage system
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