147 Main Street Morrisburg, Ontario K0C 1X0


5 Unit strip mall , located in the commercial zone of the Morrisburg Mall hub. High Visibility with direct client parking , with strong foot traffic & County rd. 2 sign/building visibility. Currently all 5 units fully leased however one tenant month to month and will be leaving at end of term in 2 months. Currently negotiating with prospective tenant for this final space in plaza . Units have sign options facing west and north. Opportunity to purchase a commercial building for your investment portfolio with a 5.1% capitalization rate. Mall has recently negotiated a new 5yr+5 option lease with a restaurant , property will emerge as a great upside investment after Covid. Unit sizes (sq. Ft.) are 1A-680,1B-1400,2- 1170, 3-1025, 4-420. Seller is currently involved in renovations in 3 units as part of new leases . New restaurant will be occupying 1-A,4,and 1-b . Listing realtor must attend all showings, Financials available with accepted offer as per Form 244 Seller's Direction. (id:37611)

Property Details

MLS® Number 1223329
Property Type Retail
Neigbourhood MORRISBURG
Parking Space Total 15


Fireplace Present No


Acreage No
Size Depth 152 Ft ,7 In
Size Frontage 102 Ft
Size Irregular 102 Ft X 152.57 Ft
Size Total Text 102 Ft X 152.57 Ft
Zoning Description Commercial



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