$2,200,000
265 King St N
New Tecumseth, ON L9R 1N3
265 King St N, New Tecumseth — Listed at $2,200,000 Commercial Retail. MLS® N13774818.
Possession · seller's timeline
Immediate
Description
LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants.
Property Details
Business Details
Commercial Space & Financials
Property Insights
Listing Courtesy of: REMAX YOUR COMMUNITY REALTY
MLS® #N13774818
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