147 Main Street, Morrisburg, Ontario K0C 1X0 (22731892)


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 3 units leased with 2 units available . Units have sign options facing west and north. Opportunity to purchase a commercial building for your investment portfolio with a strong capitalization rate. Mall has always been full however recent Covid issues have impacted tenancy , with vaccine on the way , this property will emerge as a great upside investment. Cap rate is 6.1% when full tough to find in this market any more .Viewings m-f between 4;30-8 pm and weekends 9-5 so as not to disturb great tenants . non-disclosure required for financials. Unit sizes (sq. Ft.) are 1A-680,1B-1400,2- 1170, 3-1025, 4-420. Income listed is potential, Mls # 1223195, is available for lease making this a perfect opportunity for an end user to set up location and have mall tenants pay /defer your costs. (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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